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2013.05.24 08:15
Indicators

Didi Index - indicator for MetaTrader 5

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DidiIndex.mq5 (10.11 KB)view

Real author:

Odir Aguiar (Didi).

Indicator developed by Brazilian analyst Odir Aguiar (Didi), consists of "Moving Averages", known as Didi's needles, which allows the visualization of reversal points.

The concept is very simple, when you insert 3 Moving Averages on display, one of three periods, an 8 and the other 20, there appears the formation of the indicator which works on an axis or center line 0. The needles occur when the intersection of averages comes closest to the line 0.

Didi Index

Recommendations:

  • The indicator works best in higher liquidity assets.
Updated to work on any instrument.
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