Traders Dynamic Index

Traders Dynamic Index MetaTrader indicator — a comprehensive but helpful indicator that uses RSI and moving averages along with some on-the-fly volatility calculations to offer the trader a full picture of the current Forex market situation. This indicator have sound alerts available. A pdf files from Dean Malone attached here for further reading.

Input parameters:

RSI_Period (default = 13) — period in bars for calculation of RSI.
RSI_Price (default = MODE_CLOSE) — price type to use in RSI calculation.
Volatility_Band (default = 34) — parameter for volatility band calculation. Can be between 20 and 40. The lower this value is the curvier becomes the band.
RSI_Price_Line (default = 2) — period of the first moving average (fast).
RSI_Price_Type (default = MODE_SMA) — type of the first moving average.
Trade_Signal_Line (default = 7) — period of the second moving average (slow).
Trade_Signal_Type (default = MODE_SMA) — type of the second moving average.
UseAlerts (default = false) — if true then sound alert will be played each time red and yellow lines cross.