Inside the code there is quite a good description about how each part / line can be used.
//| Traders Dynamic Index |
//| This hybrid indicator is developed to assist traders in their |
//| ability to decipher and monitor market conditions related to |
//| trend direction, market strength, and market volatility. |
//| Even though comprehensive, the T.D.I. is easy to read and use. |
//| Green line = RSI Price line |
//| Red line = Trade Signal line |
//| Blue lines = Volatility Band |
//| Yellow line = Market Base Line |
//| Trend Direction - Immediate and Overall |
//| Immediate = Green over Red...price action is moving up. |
//| Red over Green...price action is moving down. |
//| Overall = Yellow line trends up and down generally between the |
//| lines 32 & 68. Watch for Yellow line to bounces off |
//| these lines for market reversal. Trade long when |
//| price is above the Yellow line, and trade short when |
//| price is below. |
//| Market Strength & Volatility - Immediate and Overall |
//| Immediate = Green Line - Strong = Steep slope up or down. |
//| Weak = Moderate to Flat slope. |
//| Overall = Blue Lines - When expanding, market is strong and |
//| trending. When constricting, market is weak and |
//| in a range. When the Blue lines are extremely tight |
//| in a narrow range, expect an economic announcement |
//| or other market condition to spike the market. |
//| Entry conditions |
//| Scalping - Long = Green over Red, Short = Red over Green |
//| Active - Long = Green over Red & Yellow lines |
//| Short = Red over Green & Yellow lines |
//| Moderate - Long = Green over Red, Yellow, & 50 lines |
//| Short= Red over Green, Green below Yellow & 50 line |
//| Exit conditions* |
//| Long = Green crosses below Red |
//| Short = Green crosses above Red |
//| * If Green crosses either Blue lines, consider exiting when |
//| when the Green line crosses back over the Blue line. |
//| IMPORTANT: The default settings are well tested and proven. |
//| But, you can change the settings to fit your |
//| trading style. |
Thank you...it never occurred to me to look at the code
Traders Dynamic index now with Alerts and Signals!!
My initial view when seeing your post, and then downloading and testing this indicator, was that it looked to have some really good potential. After having spent many hours this morning completely rebuilding it (original code was very hard to understand) and then adding in numerous features including Sound, Visual and e-mail alerts, as well as the ability to add Long/Short entry and caution signals on the price charts for testing purposes. I am now not that sure how much value this indicator is.
I really hope these mods help you with your trading, and if you have a spare 5 minutes I would really like to hear how you use this indicator in your trading.
All the best,
this seems to be the same indicator without alert... so is they anyway to add an alert when the QQE crosses the 50?
if it can be done i would like to set the alert to a .WAV sound on my computer if possible... i had a indicator with an alert a while back that let me choose any .wav file from my computer and use it as the alert sound, i was kind of hoping the same could be done to this indicator.
Thank you very much
I have done so so with the dean malone system synergy with live trading
still learning here- I now use a Heiken for alert which gives to many alerts
I will give your indicator a try
QQE with Alerts
QQE now modified to include Sound, Visual and e-mail alerts, the ability to customise the audio file used for the Audio alert, and the level at which the Alert occuers.
Thanks for taking the time to tell how you use it. I see you are still testing and determining. This is one of the reasons I added the visual chart signals. As in this way you can quickly visually test to see if and how you can best use the indicator.
The best Indicator have no alert !!! ????
this indicator without alert... so is they anyway to add an alert when the XO changed the colour ??
on synergy thread now they testing EA performance (enhancements)
manual RSI based systems (Synergy(DMEazy), Fozzy,8x8...) proven to be good, reliable and simple
Fozzy methods - in ForexFactory
The best Indicator have no alert !!! ????
XO method Valeo
two full threads since 2006
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