Description
This indicator is a personal implementation of the Traders Dynamic Index (TDI)—a well-known composite tool that evaluates price strength, volatility, and directional momentum. While the original TDI is based solely on RSI, this enhanced version allows you to choose from a broad set of oscillators, making it a customizable solution for nearly any strategy.
You can select from the following built-in oscillators:
- RSI
- CCI
- Stochastic (K, D, Slowing)
- Awesome Oscillator (AO)
- Accelerator Oscillator (AC)
- Momentum
- Williams %R (WPR)
- DeMarker
- Relative Vigor Index (RVI)
- Force Index
- ATR
- Rate of Change (ROC)
Indicator Components
- Blue Line – Main line (reflects current oscillator direction)
- Red Line – Signal line (short-term trend filter)
- Yellow Line – Trend line (longer-term bias)
- Bands – Relative overbought/oversold zones
- Oscillator Levels – Absolute overbought/oversold thresholds
Example Strategies
Position Trading
- Long: Blue line drops below lower band
- Short: Blue line rises above upper band
Scalping
- Long: Blue crosses red upward, after exiting bands
- Short: Blue crosses red downward, after exiting bands
Day Trading
- Long: Blue crosses red upward, and stays above yellow
- Short: Blue crosses red downward, and stays below yellow
Swing Trading
- Long: Blue above both red and yellow, all below level 50
- Short: Blue below both red and yellow, all above level 50
Multi-timeframe filtering is encouraged—i.e., running this on the 15M chart with confirmation from the H1 timeframe.
Input Parameters
- Oscillator – Select the main oscillator (e.g., RSI, CCI, Momentum, etc.)
- Main Period – Period for the main line (blue line)
- Signal Period – Period for the signal line (red line)
- Trend Period – Period for the trend line (yellow line)
- BB Period – Period for the Bollinger-style bands
- BB Deviations – Deviation multiplier for the upper/lower bands
- Max History Bars – Maximum number of past candles to analyze
- RSI Period – Period for RSI if selected
- CCI Period – Period for CCI if selected
- Williams %R Period – Period for WPR
- Momentum Period – Period for Momentum oscillator
- Stoch K – K value for Stochastic oscillator
- Stoch D – D value for Stochastic oscillator
- Stoch Slowing – Smoothing period for Stochastic
- RVI Period – Period for Relative Vigor Index
- DeMarker Period – Period for DeMarker indicator
- Force Index Period – Period for Force Index
- ATR Period – Period for Average True Range
- Alert on OS/OB – Enable or disable alerts on oversold/overbought zones
- Alert on Signals – Enable alerts on short-term trend reversals after OS/OB
- Custom Alert – Optional custom text for alerts
- Display Alerts – Enable on-screen pop-up alerts
- Mail Alerts – Enable email notifications
- Push Alerts – Enable push notifications
- Sound Alerts – Enable audible alerts
- Sound File – Choose sound file to play on alert
Disclaimer
This indicator is a tool for technical analysis only and is designed to assist in chart interpretation. It does not constitute financial advice, investment recommendation, or any guarantee of results. Trading involves a high risk of loss and can result in the loss of your entire capital. Use this indicator at your own risk and only with money you can afford to lose. For complete details, please read our Terms and Conditions.
