Traders Dynamic Index - convert mql4 to mql5

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Michal Targonski
579
Michal Targonski  

Hi everyone !

Recently I started to use Traders Dynamic Index Indicator. Although, I have mql4 version only. Is there a chance that someone could convert it to mql5 ?

Thanks

rigisroni

Mladen Rakic
106292
Mladen Rakic  

...

rigisroni

Believe it or not, you don't need a separate indicator for traders dynamic index. The math of the TDI is the following. Bounds are Bollinger bands applied to RSI. Main value is a moving average of that same RSI (usually 2 period SMA). And signal line is moving average of that same RSI once again but using different period (usually 7 period SMA)

Attaching a metarader 5 template (it goes to profiles\templates sub-folder of metatrader 5) that does exactly that. Also attaching a picture from metatrader 4 of the traders_dynamic_index (upper) and the template in metatrader 5 (lower) for comparison

Even Dean Malone has described it the way it is done in the template. And knowing what is it exactly maybe helps a bit in everyday usage in trading

PS: in the template levels are set to 30,50 and 70 while in the indicator they are set to 32,50 68. If you wish to set the equal, just set the levels for the RSI indicator to those same levels and you are going to get an exactly the same TDI

rigisroni:
Hi everyone !

Recently I started to use Traders Dynamic Index Indicator. Although, I have mql4 version only. Is there a chance that someone could convert it to mql5 ?

Thanks

rigisroni
Files:
tdi.tpl 7 kb
tdi_-_4.gif 41 kb
tdi_5.png 96 kb
Michal Targonski
579
Michal Targonski  

thanks a lot!

kevin
113
kevin  

could this be made to produce a red green blocks on the cross of green red in the tdi

so if green crosses red upwards a green block is made (histogram or ticker tape i think people call it) and if down then red block

many thanks

PG

Chris Mukengeshayi
1468
Chris Mukengeshayi  
Mladen Rakic:

...

rigisroni

Believe it or not, you don't need a separate indicator for traders dynamic index. The math of the TDI is the following. Bounds are Bollinger bands applied to RSI. Main value is a moving average of that same RSI (usually 2 period SMA). And signal line is moving average of that same RSI once again but using different period (usually 7 period SMA)

Attaching a metarader 5 template (it goes to profiles\templates sub-folder of metatrader 5) that does exactly that. Also attaching a picture from metatrader 4 of the traders_dynamic_index (upper) and the template in metatrader 5 (lower) for comparison

Even Dean Malone has described it the way it is done in the template. And knowing what is it exactly maybe helps a bit in everyday usage in trading

PS: in the template levels are set to 30,50 and 70 while in the indicator they are set to 32,50 68. If you wish to set the equal, just set the levels for the RSI indicator to those same levels and you are going to get an exactly the same TDI


Mladen the indicator seems to not work with MT4, it doesn't even load onto the chart.

Chris.

Sergey Golubev
Moderator
106126
Sergey Golubev  

Indicator works. Template does not load any indicator.


Sergey Golubev
Moderator
106126
Sergey Golubev  

The template (from this post) works because it is for Metatrader 5 (it is MT5 template file).

So, if we implement this template - we can see TDI indicator for MT5 which was made by standard MT5 indicators:



It is the proof about what the Mladen told on this post:

Forum on trading, automated trading systems and testing trading strategies

Traders Dynamic Index - convert mql4 to mql5

Mladen Rakic, 2012.09.30 20:34

...

rigisroni

Believe it or not, you don't need a separate indicator for traders dynamic index. The math of the TDI is the following. Bounds are Bollinger bands applied to RSI. Main value is a moving average of that same RSI (usually 2 period SMA). And signal line is moving average of that same RSI once again but using different period (usually 7 period SMA)

Attaching a metarader 5 template (it goes to profiles\templates sub-folder of metatrader 5) that does exactly that. Also attaching a picture from metatrader 4 of the traders_dynamic_index (upper) and the template in metatrader 5 (lower) for comparison

...

Even Dean Malone has described it the way it is done in the template. And knowing what is it exactly maybe helps a bit in everyday usage in trading

PS: in the template levels are set to 30,50 and 70 while in the indicator they are set to 32,50 68. If you wish to set the equal, just set the levels for the RSI indicator to those same levels and you are going to get an exactly the same TDI


Sergey Golubev
Moderator
106126
Sergey Golubev  

And this is the settings for MT5 indicators for TDI - 





Files:
tdi.tpl 7 kb
aMagMa
24
aMagMa  

Hi Sergey,

On the pictures above that Mladen and you have posted I see the Bollinger Bands, RSI and one MA merged into getting the TDI. But below where you explain the settings with pictures attached, you list two MA's, one with 2, the other with 7 period. Why did you list two MA's if the TDI has only one? And, if I only need to use one of them, which one should it be, the 2 or 7 period?

Thanks, Attila


Sergey Golubev
Moderator
106126
Sergey Golubev  
aMagMa:

Hi Sergey,

On the pictures above that Mladen and you have posted I see the Bollinger Bands, RSI and ONE  MA merged into the TDI. But below where you explain the settings with pictures attached, you list two MA's, one with 2, the other with 7 period. Why did you list two MA's if the TDI has only one? And, if I only need to use one of them, which one should it be, the 2 or 7 period?

Thanks, Attila



It was Mladen's template (not mine) ...

Sergey Golubev
Moderator
106126
Sergey Golubev  

I applied this template now so you can see - 



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