gmakhobe / mql5_dynamictraderindex

MQL5 Indicator to produce Dynamic Traders Index signals based on RSIs and MAs calculations

Traders Dynamic Index

This indicator is built based on relative strength index in which the first product when processing the RSI is a Trade Line, then the average of a Trade Line is taken to produce Trade Signal & Market baseline.

About the indicator

Intro

The Traders Dynamic Index (TDI) is a technical analysis indicator used by traders and investors to evaluate market conditions and predict price movements. It combines trend analysis, momentum, and volatility elements to provide a comprehensive market view. Developed by Dean Malone, the TDI is a versatile indicator that can be applied to various timeframes and market conditions.

Components

The TDI consists of three main components: the Price Line, the Trade Signal Line, and the Market Base Line. Each of these components plays a vital role in the overall performance and interpretation of the TDI.

My contribution

On my end I built this so that it can be executed from the Metatrader5 in which I also added a window that shows a trade signal that is averaged.

Below is the links I have used to help me build this indicator.

• Lizard Indicators

• [Trade Sniper](https://trendspider.com/learning-center/introduction-to-tdi/#:~:text=The%20Traders%20Dynamic%20Index%20(TDI,provide%20a%20comprehensive%20market%20view.)