Synergy TDI Indicator

Synergy TDI Indicator

Synergy TDI indicator for mt4 – download free. Overbought and oversold indicator for mt4. TDI indicator for mt4.

The Synergy TDI indicator for MetaTrader is a simple but powerful technical indicator that is efficient for displaying the underlying market condition of a tradable asset.

What is the TDI Indicator?
The TDI (Trader Dynamic Indicator) is an indicator built by combining the Relative Strength Index, Moving Average, and the Bollinger Bands. The indicator is designed to assist traders with an in-depth view of a tradable asset.

Is TDI A Good Indicator?
TDI is a brilliant indicator because it has a multi-functional capability that helps you to identify a variety of market conditions/patterns. These include overbought/oversold zones, momentum/volatility, bullish/bearish sentiments, pattern formations (M and W patterns), and divergences.

The Synergy TDI indicator is ideal for different forex trading styles like scalping, day/intraday, and swing trading. What’s more, the indicator is flexible and thus suitable for both novices and experienced traders.

How To Trade With The Synergy TDI Indicator

The above screenshot depicts how the indicator would look on your MT4 platform. It also shows how to identify a high probability setup.

The indicator has the following signal colors: medium blue, yellow, green, and red. The medium blue line is the upper/lower limit (overbought/oversold level), the yellow line is the market baseline, the green line is the RSI price line, and the red line is the trade signal line.

BUY Signal: Firstly, wait for the price to get to the oversold zone. Secondly, wait for the market baseline (YELLOW) to go above the level 50 of the indicator.

With the above conditions, you may then open a BUY/LONG position after the signal line (RED) and the RSI (GREEN) also crosses above the YELLOW line.

SELL Signal: Firstly, wait for the price to get to the overbought zone. Secondly, wait for the market baseline (YELLOW) to go below the level 50 of the indicator.

With the above conditions, you may then open a SELL/SHORT position after both the signal line (RED) and the RSI (GREEN) also cross below the YELLOW line.

Conclusion
The Synergy TDI indicator for MT4 is an intuitive trading tool that assists you to identify high probability setups. Finally, the indicator is free to download.