TDI Red Green Alert Indicator

TDI Red Green Alert Indicator

The TDI Red Green Alert indicator for MT4 is a wonderful trend indicator that is equally good for beginner and professional traders. Unlock the trading potential with TDI.

The Forex TDI Red Green Alert is an advanced form of a conventional TDI indicator. The tool is based on RSI. However, it is not interpreted as RSI because other variables are also involved.

How To Use The TDI Red Green Alert
Like oscillators, the TDI Red Green Alert indicator appears in the data window. There are three bands in the indicator. Upper and lower bands indicate overbought and oversold regions, respectively. The midline shows the trend bias. The line above the midline shows a bullish trend, while a bearish trend persists below the line.

Moreover, you can also trade the crossover of both lines. The green line crossed above the red indicates a potential long entry, while the red line below the green line indicates a potential sell entry.

Conclusion
The TDI Red Green Alert indicator creates buy and sell alerts. You can use the tool for confirmatory analysis. Before going live, you should test the tool on different assets under different conditions on the demo account.