TDI Scanner Dashboard
TDI Multi Timeframe Scanner:
This Dashboard indicator uses the TDI (Trader's Dynamic Index) Indicator to find best trades.
Extra indicators and detailed description is here:
- SharkFin Pattern
Free indicator for SharkFin:
- TDI Trend: Strong/Weak Trend Up/Down
- TDI Signal: Strong/Medium/Weak Signal for Buy/Sell
- Volatility Bands
- Previous Day/Week/Month High/Low
What each button means (examples):
Left diamond is for trend:
- Green means Strong Up and Red means Strong Down
- Dark Green means Weak Up and Dark Red means Weak Down
Right (small diamond) Icon is for Volatility:
- White means high volatility
- Yellow means medium volatility
- Black means very low volatility
Middle Text is for TDI Signals:
- SFin means SharkFin pattern detected
- "D1 Hi" or "D1 Lo" means Previous Day High or Low Crossed
- Green B: Strong Buy, Red S: Strong Sell
- Green MB: Medium Buy and Red MS: Medium Sell
- Lighter Green WB: Weak Buy and Lighter Red WS: Weak Sell
- Yellow OB: Overbought and OS: Oversold
- Blue C: Trend Consolidation
Detailed Common Dash Settings:
- Specify your Own Pairs (comma-separated list). Or select a pairs list from our drop-down for forex pairs like "Forex Core 7", "Forex Core 14", etc.
- Specify your own preferred time frames in a comma-separated list.
- Settings for showing alerts: Popup, email, sound alerts, etc.
- x_axis, y_axis: to position Scanner Dashboard
- fontSize: to resize the whole panel and it's fonts. For best experience use fontSize between 5 and 8.
- ColumnsNum: Number of Dashboard Columns
- OnButtonClick Open New Window: On clicking any dash buttons open that Pair-TimeFrame in a new window with your specified template (next setting)
- Use Template for New Window: Template name without ".tpl". Eg: Create a file Template1.tpl in templates folder and here specify: "Template1".
(only works if previous property set to true). Does not work if on button click is set to open in current window because otherwise you might lose your current window indicators or existing dashboard settings.
- ShowWeakTrend: true/false To Show left diamond if trend is weak or not
- ShowVolatility: true/false To Show right diamond for volatility or not
- Refresh After Ticks (if shift 0): For shift 0, wait for this number of ticks before refreshing everytime. By default 100. If you want this to refresh faster specify a lower number.
For higher TF use a higher number like 300 or 500.
- Detect: true/false
- UseVolBands: Check Volatility Bands Cross along with SharkFin pattern
- Upper/Lower Levels: RSI Levels where price crosses and comes back to create a SharkFin
- MinLevelDist: Minimum distance from RSI Upper/Lower Level (for valid Sharkfin)
- MaxFinBars: Max no of bars within which pattern should be created
- Detect: true/false
- Period: Previous Day/Week/Month
How to Trade:
Best way to use this indicator is with Support and Resistance, Fibo or other such supporting Indicators. Or any other indicator which might validate that trend is still strong and not near an SR Zone.
Use volatility for further checking the signal. Don't trade when volatility diamond is black and trade carefully when Overbought or Oversold.
You can also use RSI and V-Bands patterns to trade. Like when an RSI "M" forms slightly outside the V-Bands, trade Sell if high volatility. Or if a "W" forms trade Buy.
- Please don't use too many Timeframes and too many Pairs because Scanner will need to scan each and every one and might get slower the more pairs you select.
- Best is to trade trending markets for higher timeframes. For lower timeframes, scalping sideways markets also works well with TDI.