The tdi indicator mt4 tracks market trends with unparalleled reliability by ignoring sudden swings and market noise. It is designed for trend trading intra-day charts and small time frames. It has a win rate of around 82%.
This is a complete tdi indicator trading system, not a standalone indicator.
It is an arrow indicator that shows precise price reversals. A great arsenal to add to any chart.
tdi indicator mt4 is very easy to trade
Find oversold/overbought situations
Enjoy noiseless trading at all times
The indicator is suitable for trading low timeframes as it reduces market noise around the average price by
It implements email/sound/push alerts
Indicator arrows are non-redrawn
The indicator implements a trend following direction for small time frames that can penetrate very long trends in longer time frames to magnify your gains.
The tdi indicator mt4 is perfect for scalping in 1-minute time frames or swing trading in 1-hour time frames. The charts show buy and sell arrows as entry signals. They are not redrawn, but form confirmation entries with alerts after the close of a candle or bar.
tdi indicator mt4 indicator introduction
The Traders Dynamic Index indicator first appeared in the early 2000s. It was originally created by Dean Malone.
At the first glance, it may look a bit complex, but the TDI is simply the result of combination of four following forex indicators:
- RSI (green line);
- Moving Average for signals (red line);
- Bollinger Bands with a setting of 34 and a Standard Deviation using the Fibonacci golden ratio number of 1.6185 (blue volatility bands);
- Moving Average set to 34 (yellow market baseline).
The main idea behind TDI was to give traders a full picture of the current Forex market situation.
The indicator is displayed in a separate window placed just below the main trading chart.
It fits all kinds of timeframes and currency pairs.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up tdi indicator mt4 in MT4?
Copy and paste the TDI_RT.ex4 or TDI_RT.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart