Trader Dynamic Index Indicator

Trader Dynamic Index Indicator

Trader Dynamic Index indicator for MT5. The best Forex trading indicator without redrawing. Indicates a BULLISH and BEARISH price trend with BUY and SELL signals.

The TDI indicator for MT5 (Dynamic Trader’s Index) is a combination of RSI, Moving Average and Bollinger Bands. TDI is a well-developed system with a long history of use in the Forex market. Thus, the indicator’s ability to identify Bullish and Bearish price trends and provide traders with better BUY and SELL signals is remarkable.

The indicator works well on all intraday charts, as well as daily, weekly and monthly price charts. It is suitable for new and experienced Forex traders.

Moreover, the indicator is free to download and easy to install.

Trader Dynamic Index Indicator For MT5 Trading Signals
The GBPUSD M30 chart below shows the Trader Dynamic Index indicator for MT5 in action. The indicator shows the RSI line in GREEN, the trade signal line in RED, Bollinger Bands in BLUE and the market baseline in YELLOW. There are various methods of trading using the indicator.

If the GREEN RSI line and RED moving average line reach the BLUE line of the lower Bollinger band and change direction. Forex traders can place a BUY trade as soon as the GREEN line crosses the RED line up. For this trading strategy, the take profit point is the opposite end of the Bollinger Band with a stop loss at the previous swing low. The conditions are the same and reverse for the SELL transaction.

The YELLOW line is a trading signal line and indicates the direction of the market trend. If the YELLOW line moves up, it indicates a BULLISH price trend. On the other hand, a downward movement of the YELLOW line indicates a bearish market trend. So, for additional confirmation, forex traders can BUY if the GREEN LINE is above the RED and YELLOW lines and target the BOLLINGER BANDS for profit. On the other hand, traders can place a SELL position once the GREEN line is below the RED and YELLOW lines.

The next trading approach is to use the VARIETY indicator with price. Divergence of the indicator shows the depletion of price and orders and exit from the existing position. Another important feature is the TDI angle, the angle between the RED and GREEN lines. A steeper angle between them indicates a stronger trend, while forex traders should avoid trading signals with lower angles.

To further test trading signals, traders can draw trend lines and channels in the Trader Dynamic Index indicator, as well as find support and resistance levels.

Conclusion
Clearly, the Trader Dynamic Index indicator for MT5 is the best non-redrawing version of the TDI indicator. The indicator works well on trending and ranking markets; however, forex traders must combine price action when using this technical trading strategy. Additionally, traders can download the indicator for free and install it easily.