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True Direction Oscillator

TDO is an index that measure price rate of change using the principle of "Pure Momentum". When a security price advance from 10 to 20 then price rate of change is 100% but when it decline from 20 to 10 then price rate of change is 50% only. That is why technical analysis indicators like "Price Rate of Change" (ROC) or "Momentum" gives higher readings for ascending price movements than that given to descending ones. TDO fixes this problem to help traders at reading momentum correctly depending on a simple calculation method explained in the next steps:

  1. In ascending movements TDO = (X0 – X1) / X1
  2. In declining movements TDO = (X0 – X1) / X0


TDO Features

  • TDO panel calculation depends on five different periods, to cover a wide range of market cycles and can be more effective at catching trends.
  • TDO arrow appears when all TDO panel dots is in line for the first time. This feature reduces the number of false zero line cross signals to their lowest number.
  • Sound, email alerts when trend strengthens and when arrow signals appear at the beginning of a new trend.
  • You can easily switch between FX pairs by pressing in the Symbols Button. You can choose to open the chart in a new window. You can change time-frame.
  • You can add a Standard Deviation Channel or a Linear Regression Channel easily by pressing the Channel Button.
  • You can add Grid from round numbers calculated depending on ATR or you can make grid distance as a user's choice.


TDO Parameters Map

1) TDO Style Settings

  • Max. Candles to Draw [Min = 161]: Default is 1000 candles.
  • TDO Width.
  • TDO Line Color.
  • TDO Bullish Color.
  • TDO Bearish Color.

2) Arrows Alert & e-Mail Settings

  • Show or Hide Arrows.
  • TDO Arrow Size.
  • Alert on New Arrow.
  • Send e-Mail on New Arrow.
  • Send Notification on New Arrow.

3) Panel Alert & e-Mail Settings

  • Alert when TDO Panel is in line: Run or stop alert when all five parameters is in line with each other. Default is true.
  • Send e-Mail TDO Panel is in line.
  • Send Notification TDO Panel is in line.

4) Buttons Style Settings

  • Button Back Color – Normal.
  • Button Back Color – Selected.
  • Text color.
  • Chart in Foreground.

5) Symbol Changer Inputs

  • Window to Show Symbols Panel: Show Symbol Buttons in Main chart window or in TDO Window.
  • Button Click Action: Open chart on the same window or in a new window.
  • Symbols Source From: Get symbols from custom symbol list or from Market Watch.
  • List of symbols (separated by ";"): If you choose symbols from a custom list then separate between symbols by ";".
  • Buttons in a Horizontal Row [Min=(1)]: Number of buttons to show in a row.
  • Time-Frames to Show [Min=(1) & Max=(9)]: Default is 7.

6) Channel Inputs

  • Channel Kind: Choose between Standard Deviation Channels or Linear Regression Channel.
  • Channel Ray: To show the channel as a ray.
  • Channel Length: Number of candles used in channel calculation.
  • Draw Channel as Background.
  • Channel Lines Width.
  • Inner Deviation Channel Multiplier.
  • Outer Deviation Channel Multiplier.
  • Inner Channel Color.
  • Outer Channel Color.

7) Grid Inputs

  • Grid Calculation: Choose between Automatic ATR Grid and Custom Grid.
  • Grid Multiplier Min/Max [1:5]: Use this to expand distance between grid levels if they are too close.
  • Automatic Grid ATR Period Min/Max [2:100]: The number of periods used to calculate ATR for Automatic Grid choice.
  • Custom Grid Space Min/Max [10:100]: The space between levels if you choose to build a custom grid.
  • Grid Color.
  • Grid Style.
mail2mohitjohar
20
mail2mohitjohar 2018.10.19 10:19 
 

Very good and usefull indicator

ronomc
34
ronomc 2018.10.19 08:08 
 

good indicator 5/5 ITM so far.

cvdestyfx
456
cvdestyfx 2018.10.16 01:04 
 

This is a quality indicator! Very useful!

Robert Borvornsantisuk
40
Robert Borvornsantisuk 2018.10.13 08:11 
 

After used the TDO for a week: I must admitted that this is a great indicator. I have already earned profit 5 more times than the cost of this indicator. I did not over trade at all; only with 0.1 lot for my small account. With a 1000 activations for $40, I do not think that you can skip this opportunity by any means.

rd8899
43
rd8899 2018.10.12 18:55 
 

Good indicator. But it sometimes not showing while switching to higher TF (W1, MN) for some currency pair.

toffee
199
toffee 2018.10.11 14:06 
 

Just purchased, looking very good so far!

Yuan Liu
1039
Yuan Liu 2018.10.10 16:19 
 

Good!

jimbrass
115
jimbrass 2018.10.09 22:30 
 

Very good indicator.Highly recommended.

Rafael Moro Torrado
441
Rafael Moro Torrado 2018.10.06 15:32 
 

Seems interesting

Mark Vaines
1505
Mark Vaines 2018.10.05 06:50 
 

Very Good

kaceha
44
kaceha 2018.09.29 19:03 
 

The indicator after the first tests looks very promising. I add it to my current strategy, I think it will be great in the confirmations.

Udhaya Kumar
53
Udhaya Kumar 2018.09.26 03:19 
 

TDO indicator is worth it .. Good for long term trades

boss19830915
41
boss19830915 2018.09.24 07:16 
 

好指标 很好的手动工具 5星

Radin Lanyau
348
Radin Lanyau 2018.09.21 16:46 
 

good indicator 5 stars

Matt Mk.
931
Matt Mk. 2018.09.21 11:16 
 

Very good, looks promising

Ferdinandus Charlie
1081
Ferdinandus Charlie 2018.09.20 17:09 
 

Very good indicator, one of the best.., 5 star !!

soobash badal
232
soobash badal 2018.09.20 08:30 
 

Good Indicator ! Recommended

harrynelsonh5
90
harrynelsonh5 2018.09.20 03:32 
 

very good

craigk198
128
craigk198 2018.09.16 22:19 
 

This is a very well built and throughout indicator which works amazingly well. It is one of the best tools I have ever used for trend trading.

Minwoo Jo
43
Minwoo Jo 2018.09.13 18:02   

very good i want masr bands

hassantiger
201
hassantiger 2018.09.10 19:08 
 

very good

Fxpro Trader Technical
381
Fxpro Trader Technical 2018.09.10 15:51 
 

Excellent indicator, very good for extra confirmation, seller is creative. Thanks

tevres
74
tevres 2018.09.07 00:58 
 

After back testing this indicator I've decided to purchase it and I am so pleased that I have.

a_sane3
209
a_sane3 2018.09.06 17:42 
 

on of the best

matt
365
matt 2018.09.04 14:22 
 

good indicator 5 stars

eddied1967
19
eddied1967 2018.09.04 13:31 
 

Works good.

hezap
161
hezap 2018.08.31 08:13 
 

Nice indicator, running it on my scalping system !

OkosamaLUNCH
69
OkosamaLUNCH 2018.08.29 19:10 
 

i like pizza and your indicator

sunnychow
690
sunnychow 2018.08.26 18:28 
 

Good indicator, Good job!

Damodar
131
Damodar 2018.08.24 21:16 
 

feeling good

Jorge Bascope Lazo De La Vega
199
Jorge Bascope Lazo De La Vega 2018.08.23 18:17 
 

The indicator is very good. My operations are winning.

Alessio Bizzarri
1870
Alessio Bizzarri 2018.08.20 22:23 
 

Well Done

kaz Chin
159
kaz Chin 2018.08.20 14:07 
 

It works very well.

Khalid Hamdan
220
Khalid Hamdan 2018.08.18 09:54 
 

Good Signals

Mohammad Rajaur Rahman
150
Mohammad Rajaur Rahman 2018.08.06 22:12 
 

Good Indicator.

hanikashif
25
hanikashif 2018.08.04 12:19 
 

good indicator for me

ruarte19
277
ruarte19 2018.08.02 14:38 
 

I've been testing this indicator all night! Great for scalping! As you get the picture for big moves! Ty!

Hisayoshi Muramatsu
327
Hisayoshi Muramatsu 2018.07.30 11:40 
 

I think it is the best indicator I've ever seen.Good work!

Luigi Salvatores Buigues Morillo
793
Luigi Salvatores Buigues Morillo 2018.07.26 11:02 
 

muy buen indicador felicidades al autor :)

asaens15
1415
asaens15 2018.07.25 05:25 
 

Was considering buying it after my rent period expired but price went up ... maybe later. Nice indicator.

Tobias Grosse
804
Tobias Grosse 2018.07.23 17:29 
 

Nice indi, good signals.

Harry Gunadi Permana
598
Harry Gunadi Permana 2018.07.19 16:07 
 

Good indicator!

ELATRA
61
ELATRA 2018.07.09 14:17 
 

Best value , I do not regret for buying it.I use it for scalping.Recommended

Ramakant Duggal
35
Ramakant Duggal 2018.07.09 12:58 
 

I bought the indicator and liked reading through the blog, look forward to trading with it.

Mohammad's response to questions is very prompt, I have a good feeling about this.

etotera1971
28
etotera1971 2018.07.04 20:34 
 

Thank you Muhammad...excellent work! It's the best $30 I've ever spent.

insegnante
22
insegnante 2018.07.04 16:56 
 

Excellent indicator with which it is really possible to earn with forex!

It is necessary for daily trading.

The important thing is to keep an eye on the supports and resistances and the bollinger bands.

Giovanni

GK1112
130
GK1112 2018.07.04 06:25 
 

Yet to check in real time, but seems to be good, joining the herd with a 5-star rating.

4xharmonincs
476
4xharmonincs 2018.07.03 15:10 
 

Great indicator 1st night using it on 5m and took 60 pips on GU.... worth it in my book by far

Keep up the great work Muhammad

LHOLLA
52
LHOLLA 2018.07.02 21:34 
 

good for scalping

Memon
1684
Memon 2018.06.29 09:45 
 

Testing currently. But looks like a promising indicator

Nico Bilio
1023
Nico Bilio 2018.06.22 18:26 
 

Good indicator

AcuraMDX
194
AcuraMDX 2018.06.21 07:32 
 

Very interesting and helpful indicator

Aravind
2942
Aravind 2018.06.18 09:40 
 

Very good trend indicator.

tradertb
229
tradertb 2018.06.12 22:14 
 

These signals are mostly wrong. Not sure what eveyone is talking about. The panal constently changes and the arrows are mostly wrong.

B. Kwan
28
B. Kwan 2018.06.11 12:18 
 

Mr. Muhammad offered great after sales support. Good indicator with nice customer service!

kaabak2002
238
kaabak2002 2018.06.09 06:34 
 

very good indicator for me.

stomta
160
stomta 2018.06.08 10:51 
 

Very good indicator, perfect for trend trading.

anne4mjj
29
anne4mjj 2018.06.08 09:58 
 

I bought the indicator and it looks really promising. Thank you.

Ronfx00
374
Ronfx00 2018.06.07 00:17 
 

Hi Traders, very good indicator. It goes well with my strategy. Good support from Muhammad. Purchase or rent it and you will know what I mean :)

Sunny Ho
334
Sunny Ho 2018.06.06 14:06 
 

Combining TDO with FPI (Forecast Price Index) has good potential.

mrflash23
218
mrflash23 2018.06.05 05:48 
 

Works as advertised and support is good.

Werner Middelaer
95
Werner Middelaer 2018.06.04 12:56 
 

It looks like this indicator gives very precise entries. This combined with the MASR bands could make the difference in my forex adventure. Finally!

galungswa1
590
galungswa1 2018.06.04 12:09 
 

good product must have it

880993
35
880993 2018.05.30 23:24 
 

very good indicator

chookiat lichai
113
chookiat lichai 2018.05.30 18:13 
 

Good Indy

simke
45
simke 2018.05.30 16:59 
 

Good product.

Yurii
438
Yurii 2018.05.30 09:42 
 

Good product.

Ambrogio Corvinus
670
Ambrogio Corvinus 2018.05.29 03:11 
 

Thank you for the indicator

nitormedia
50
nitormedia 2018.05.27 11:25 
 

After watching it closely for a few days, this indicator is perfect in signalling the beginning of big moves in the market.

Vaithianathan Sreeram
2046
Vaithianathan Sreeram 2018.05.27 06:04 
 

it seemed to filter false entries , i use indian markets for trading, gapup and gapdown. trading also filtered , huge loss is restricted, i will test one more month, i hope definitely it is one of the best tools for trading , thanks lot

Cengiz Erkoyuncu
330
Cengiz Erkoyuncu 2018.05.23 11:58 
 

Good indicator.

Vladislav Golovin
1041
Vladislav Golovin 2018.05.21 12:30 
 

This seems like a good tool. Clever idea.

ales71
1381
ales71 2018.05.21 06:42 
 

just bought your indy.will like to have free masr bands.name:ales

Regards,Ales

BoJo199
1335
BoJo199 2018.05.18 00:04 
 

Thank you Muhammad, for your support and the indicator!

Eng Yoon Lee
461
Eng Yoon Lee 2018.05.16 01:46 
 

one of the best indicator !!

it works very well!!

this is it!!!

porguitar
94
porguitar 2018.05.15 23:40 
 

This indy is help.

Francisco Guerra
332
Francisco Guerra 2018.05.14 20:09 
 

Excellent indicator. High probability of success. :)

andreigno88277
46
andreigno88277 2018.05.11 15:10 
 

very very good indicator.

Ali Ghaderi
630
Ali Ghaderi 2018.05.07 09:51 
 

for daily trade is good .

Tarun Chaudhry
2647
Tarun Chaudhry 2018.05.04 06:55 
 

Recommended. I suggest using it for higher timeframes and having patience for the arrows to appear.

Dimeji777
1353
Dimeji777 2018.05.03 14:52 
 

Fantastic indicator for big moves especially when combined with the Bermaui Bands indicator. Use minimum of 1HR time frame and stay in the trade for a longer time, you cant get it wrong.

Abdullah Alrai
46354
Abdullah Alrai 2018.05.02 15:27 
 

i like it for scalping..it help so much

Zentrader2015
672
Zentrader2015 2018.05.01 14:21 
 

I update my review for this indicator, i did not give this indicator enough chance before when originally did a review, i can see the value in using this for big moves.

fabbry72
1337
fabbry72 2017.02.09 21:20 
 

Good but need alert change direction and alignment timeframe to choosing

Versión 5.0 2018.10.09
1. Enhanced TDO calculation method.
2. Organized TDO parameters in a better style.
3. Enhanced the Round Number Grid calculation method.
4. Added sub levels to the Round Number Grid.
5. Added what I call Zig Zone Levels to easily capture support & resistance.
Versión 4.0 2018.07.23
1.1. Se agregó un "Panel de cambio de símbolo" para que el usuario pueda cambiar fácilmente entre diferentes gráficos.
1.2. El "Panel de cambio de símbolo" puede ser desde las entradas del usuario o desde la ventana de Market Watch.
1.3. El "Panel de cambio de símbolo" puede cambiar la tabla de la ventana actual o abrirla en una nueva.
1.4. El usuario puede usar el "Panel de cambio de símbolo" para cambiar el marco de tiempo del gráfico actual.
1.5. El usuario controla la cantidad de botones en "Symbol Switch Panel". Él puede hacer que aparezcan en el gráfico principal o en la ventana TDO.
-------------------------------------------------- -------
2.1 Se agregó un "Canal de precios".
2.2 El usuario puede elegir entre los canales de "Desviación estándar" o "Regresión lineal".
2.3 El usuario puede dibujar canales como un rayo o hacerlos como fondo.
-------------------------------------------------- -------
3.1 Se agregó una "Cuadrícula de precios".
3.2 El usuario puede elegir entre "Cuadrícula automática" y "Cuadrícula de cliente".
3.3 El usuario puede multiplicar la distancia entre los niveles de la red.
Versión 3.1 2018.04.27
1. Made a revision to the code to make sure that there are no bugs.
2. Made inputs much more user friendly.
3. Added arrow signals to follow the trend.
4. Added a multi time period panel.
5. Made shadow with color when trend is strong.
6. Added alerts when a new arrow appear.
7. Added alerts when multi time period panel is in-line.
Versión 1.4 2016.01.04
In this version I tested the code and fixed all possible logical errors. The code now is more clear than before.