Traders Dynamic Index Visual Alerts (TDI) for MT4 Download - [TFlab]

The Traders Dynamic Index Visual Alerts (TDI) indicator is a combination tool of Bollinger Bands, the Relative Strength Index (RSI) indicator, and Moving Averages (MA) indicator, providing information about market trends, volatility levels, and overbought/oversold conditions.

Traders Dynamic Index Visual Alerts (TDI) Specification Table

Table below presents the specifications of the Traders Dynamic Index with Visual Alerts.

Indicator Overview

The Traders Dynamic Index Visual Alerts (TDI) indicator is one of the comprehensive tools in technical analysis. Volatility indicator is components include the RSI line (green), the signal line (red), Bollinger Bands (upper and lower bands), and volatility bands. Placing buy and sell signals on the oscillator provides a complete view of market conditions.

Uptrend Conditions

The chart below shows the AUD/CHF currency pair in a 1-minute timeframe. When the RSI line (green) crosses below the signal line (red), and the price approaches the lower Bollinger Band with bands expanding, it indicates oversold conditions and a potential buying opportunity.

Downtrend Conditions

The image below displays the EUR/AUD currency pair in a 1-minute timeframe. The likelihood of a trend reversal increases when the RSI line (green) crosses from above to below the signal line (red) near the lower Bollinger Band in MetaTrader4 indicator. This ultimately presents an opportunity for a sell trade.

Indicator Settings

Image below shows the adjustments and settings of the Traders Dynamic Index Visual Alerts:

• Chart theme: Chart style;
• Show visual alerts: Visual alert display;
• Sound on: Enable sound alerts;
• Shift sideways: Horizontal shift;
• Shift up/down: Vertical shift;
• RSI period: RSI duration;
• RSI applied price: RSI price input;
• Volatility band period: Volatility band duration;
• RSI signal period: RSI signal duration;
• RSI signal method: RSI signal type;
• Trade signal period: Trade signal duration;
• Show trade signal line 2: Display signal line 2;
• Trade signal period 2: Second signal duration;
• Trade signal MA method: Signal MA method;
• Lookback: Review range.

Conclusion

The Traders Dynamic Index (TDI) indicator combines classic tools to provide comprehensive information about market trends, volatility, and overbought, oversold conditions.

Metatrader4 oscillator's main components, such as the RSI line, signal line, and Bollinger Bands, offer an effective way to analyze market situations.