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True Direction Oscillator Demo

This is a Demo version that works only on EURUSD, one-hour chart with full functionality.

Why demo version

  • Try before you buy on live charts, without the MT4 Tester restrictions.
  • Try Mobile Notifications and eMail service.
  • Try all indicator functions like drawing channels & grids.

 

About TDO

TDO is an index that measures the price rate of change using the principle of " Pure Momentum". When a security price advances from 10 to 15 then the price rate of change is 150% but when it declines back from 15 to 10 then the price rate of change is 33.3% 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.

TDO signals are taken depending on TDO Panel which calculates TDO for 5 different periods at the same time. Only when all periods are in-line the indicator generates a trading signal. By this, it reduces the number of false signals to their lowest number.

TDO can draw different kinds of price channels, A grid of rounded numbers and Supply/Demand Levels. You can also switch easily between different charts and timeframes.


Important TDO Parameters


1.TDO Settings.

  • First TDO Period [ Min =1 ]: This is the first cycle in the TDO Panel. Default is 10.

2. TDO Colors List & Buttons.

  • Chart Colors List: You can choose between four different color lists, or you can choose to (Do Nothing).

3. TDO Arrows & Alert
4. TDO Panel Alert
5. TDO Symbols Buttons

  • 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 seven.

6. TDO Channel

  • 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. Default is 160.

7. TDO Grid Lines

  • Sub Grid Levels Count: You can add from zero to ten sub levels between main grid levels.

8. Zig Zone Levels


I hope that TDO helps you with your trading. Please, contact me if you have any questions. I wish you good trading.

Enjoy the game
Muhammad Al Bermaui, CMT

Comentarios 2
isilvadoniz
68
isilvadoniz 2020.11.18 10:03 
 

No está nada mal

silvano1942
156
silvano1942 2020.10.21 08:11 
 

I'm testing the TDO demo indicator. It is very helpful with congratulations

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The indicator displays the price movement as three zigzags of different time periods (current, higher and even higher periods) on a single chart. Zigzag is plotted based on the Heiken Ashi indicator and the High/Low price values. The indicator also displays: Support and resistance levels based on the latest peaks of zigzags; Unfinished movement of the current period's zigzag, higher-period zigzag and even higher-period zigzag is displayed in another color. Parameters TimeFrame : periods tot ca
40 USD
MT ZZ HIGH LOW
Andrei Belous
The indicator displays the price movement as three zigzags of different time periods (current, older and yet even older timeframes) on a single chart. Zigzag is generated by HIGH-LOW price values. The indicator also displays: Support and resistance levels by the last bends of the older and yet even older zigzags. Unfinished movement of the current timeframe's zigzag, older zigzag and yet even older one is displayed in another color. Parameters TimeFrame : timeframes the zigzags are calculated on
38 USD
BE Channel OHLC
Valerij Alekseev
The creation of this indicator was inspired by the phrase of the famous trader Michael Covel "Price is the best indicator in the world". Not everyone is able to see the market through the eyes of a professional. Probably an indicator that does not distort the price and visualizes what is happening on the market can help you. Indicator "BE Channel OHLC" has been created for this purpose. The indicator name has not been chosen by chance. The indicator draws a channel using OHLC prices (OPEN, HIGH,
36 USD
Advanced Currency Strength28 Indicator
Bernhard Schweigert
Este indicador es una herramienta comercial exclusiva, de alta calidad y asequible porque hemos incorporado una serie de características propias y una nueva fórmula. ¡Con solo un gráfico, puedes ver la Fortaleza Monetaria de los 28 pares de Forex! Imagina cómo mejorarás porque puedes identificar el punto de activación exacto de una nueva tendencia u oportunidad de crecimiento. Manual de usuario: Clic aquí LO ESPECIAL Las flechas en la sub-ventana para mostrar el impulso de moneda fuerte y el
148 USD
Fractal SR Clusters
Daniel Shea
Fractal Support/Resistance Clusters is an indicator that draws support and resistance lines based on fractals whose sources have not yet been broken and are therefore still relevant. A fractal is relevant as an indicator of support or resistance when the price of its previous opposing fractal has not been broken. Clusters of support and resistance zones are derived using the density-based spatial clustering of applications with noise (DBSCAN) algorithm and can be drawn on the screen. These clust
30 USD
Consolidation levels
Pavel Shutovskiy
Any chart has patterns of consolidation which are also called accumulation patterns. These are sections where the market has been on the same price level during significant amount of time, and thus it was accumulating positions. After such accumulation, positions are distributing, and the market passes from flat into trend. The Consolidation Levels indicator is a professional tool which identifies these sections and builds levels according to the price of the market at the moment of consolidatio
30 USD
Automatic Fibo and Rectangle
Mati Maello
This indicator displays the Automatic Fibo and Rectangle movements. Rectangle shows the price movements. Parameters Fibo: Displays the Fibo movements. Fibo true. Rectangle: Displays the Rectangle movements. Rectangle true. Line: Line true. How to understand the status: If the Fibo line is red and Rectangle is green, trend is up. If the Fibo line is green and Rectangle is red, trend is down.
30 USD
Open Line
Chantal Sala
The Open Line indicator is a simple indicator that tracks the opening levels of more time sessions. This version allows the user to check the opening levels using different time time frames. It is possible to add on the same chart different Open Lines to have more important horizontal levels. The colors and lines are fully customizable also for the label text. A simple indicator but very powerful to give you a proper orientation for your trading. Input Values TimeFrame (to show the open price
30 USD
Candlestick Patterns Analytics
Denis Luchinkin
Candlestick Patterns Analytics is a powerful tool for analyzing candlestick patterns. Do you trade based on candlestick patterns? Then Candlestick Patterns Analytics is designed for you. The undeniable advantage of the indicator: Predicts trading result when trading candlestick patterns; Uses statistical data based on the history of the selected symbol and timeframe. What the indicator does Finds and marks on the chart 29 candlestick patterns; Draws arrows to indicate the classical and stati
30 USD
Head n Shoulders
Besarion Turmanauli
The Head n Shoulders indicator analyzes the "Head and Shoulder" and "Reverse Head and Shoulders" patterns to identify the price movements. The indicator displays the trade statistics and clear entry signals using green (buy) and red (sell) arrows. It is possible to enable terminal alerts, email messages and push notifications. Never repaints signal. Features Instantly available statistics of up to 1000 signals. Very easy to use, no complicated input parameters. Terminal alerts, email messages
30 USD
Forex Gap NB
Aleh Rabtsau
Forex Gap Indicator. Many traders have noticed on the chart price gaps, but perhaps few people paid attention to the fact that very often these gaps the price tries to close, returning to the place of the beginning of the gap. This indicator will notify you about the gap on any pair on which you set it. The indicator shows a vertical line on the time and date of formation of the gap, as well as puts an arrow in the direction of closing the gap. Since the gap should be closed, it is recommended
30 USD
Filtro:
silvano1942
156
silvano1942 2020.10.21 08:11 
 

I'm testing the TDO demo indicator. It is very helpful with congratulations

isilvadoniz
68
isilvadoniz 2020.11.18 10:03 
 

No está nada mal

Respuesta al comentario
Versión 9.2 2020.07.30
This new version synchronized with the current "True Direction Oscillator version 9.2".
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This is a Demo works only on EURUSD, a one-hour chart with full functionality.