Traders Dynamic Index (TDI) - Overview
The Traders Dynamic Index (TDI) is a versatile indicator based on the RSI oscillator. It helps traders identify market conditions and potential reversals. The TDI combines multiple indicators into one, providing a comprehensive view of market dynamics.
Components: - Green line: RSI Price Line - Red line: Trade Signal Line - Blue fill: Volatility Band - Yellow line: Market Base Line
Visual Signals: 1. Trend Direction: - Immediate: - Green over
Chaikin's volatility indicator calculates the spread between the maximum and minimum prices. It judges the value of volatility basing on the amplitude between the maximum and the minimum. Unlike Average True Range , Chaikin's indicator doesn't take gaps into account. According to Chaikin's interpretation, a growth of volume indicator in a relatively short space of time means that the prices approach their minimum (like when the securities are sold in panic), while a decrease of volatility in a l
The ColorLine indicator shows the line of the price moving average on the chart. The line has diffrent colors (100 bars have the same color). The color settings of the line is changing every 5 ticks, there are 3 color schemes. Indicator for demonstrating the DRAW_COLOR_LINE style. Draws a line at Close prices in colored pieces of 20 bars. The thickness, style and color of the line sections are changed randomly. The indicator code is published in the MQL5 Documentation in the section Indicator S
The ColorBars Indicator paints bars with different colors depending on the volume changes. If the volume has increased, the color is green, overwise the color is red.