TDI w/ Variety RSI, Averages, & Source Types [Loxx]This hybrid indicator is developed to assist traders in their ability to decipher and monitor market conditions related to trend direction, market strength, and market volatility. Even though comprehensive, the Traders Dynamic Index (TDI) is easy to read and use. This version of TDI has 7 different types of RSI, 38 different types of Moving Averages, 33 source types, and 5 types of signals as well as alerts and coloring. Default RSI type is set to Jurik's RSX. This indicator can be used on any timeframe.
Green/Red line = RSI Price line
White line = Trade Signal line
Dark Green/Red lines = Volatility Band
Yellow line = Market Base Line
Gray dashed lines = Horizontal boundary lines, oversold/overbought
5 Signal Types w/ Alerts
Signal Crosses = Green/Red line crosses over or under White line
Floating Boundary Crosses = Green/Red line crosses over or under upper Dark Green/ lower Red lines
Horizontal Boundary Crosses = Green/Red line crosses over or under Gray dashed upper/lower lines
Floating Middle Crosses = Green/Red line crosses over or under Yellow line
Horizontal Middle Crosses = Green/Red line crosses over or under Gray dashed middle line
Manual Signal Types (no alerts included, this requires manual analysis)
Volatility Band Signals (Dark Green/Red lines) = When the Dark Green/Red lines are expanding, the market is strong and trending. When Dark Green/Red lines are constricting, the market is weak and in a range. When the Dark Green/Red lines are extremely tight in a narrow range, expect an economic announcement or other market condition to spike the market
Beyond these simple signal rules, there are various other signals or methods that can be used to derive long/short/exit signals from TDI included slope of the Green/Red line and bounces off the Yellow line.
Included
Loxx's Expanded Source Types
Loxx's Variety RSI
Loxx's Moving Averages
Signals
Alerts
Bar coloring
Tradersdynamicindex
Delorean TDI - Traders Dynamic IndexTraders Dynamic Index (for the Delorean Strategy)
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This indicator helps to decipher and monitor market conditions related to trend direction, market strength, and market volatility.
TDI has the following components:
* Green line = RSI Price line
* Red line = Trade Signal line
* Blue lines = Volatility Bands
* Yellow line = Market Base Line
Trend Direction - Immediate and Overall:
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* Yellow line trends up and down generally between the lines 32 & 68. Watch for Yellow line to bounces off these lines for market reversal. Trade long when price is above the Yellow line, and trade short when price is below.
Market Strength & Volatility - Immediate and Overall:
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* Immediate = Green Line -> Strong = Steep slope up or down.
* Immediate = Green Line -> Weak = Moderate to Flat slope.
* Overall = Blue Lines -> When expanding, market is strong and trending.
* Overall = Blue Lines -> When constricting, market is weak and in a range.
* Overall = Blue Lines -> When the Blue lines are extremely tight in a narrow range, expect an economic announcement or other market condition to spike the market.
Note Credit: LazyBear - altered for the Delorean Strategy
[BACKTEST]Traders Dynamic Index Indicator Alert by JustUncleLBy request, this script is a "strategy" version of my "Traders Dynamic Index Indicator Alert" script, made available for backtesting to help find optimal trade settings for a particular asset.
