Traders Dynamic Index MT4 indicator - a dynamic index trader, complex, but useful indicator, which uses RSI (Relative Strength Index) and moving averages, along with its own method of calculating the volatility for the trader to offer a complete picture of the current situation in the FOREX market. This indicator can use tones to alert the trader.
Input parameters:
* RSI_Period (default = 13) - time in bars to calculate the RSI.
* RSI_Price (default = MODE_CLOSE) - the type of pricing for the calculation of RSI.
* Volatility_Band (default = 34) - parameter for the calculation of the channel (strip) volatility. Maybe 20 to 40. The lower this number, the winding channel.
* RSI_Price_Line (default = 2) - the period of the first moving average (fast).
* RSI_Price_Type (default = MODE_SMA) - the first type of moving average.
* Trade_Signal_Line (default = 7) - the second moving average (slower).
* Trade_Signal_Type (default = MODE_SMA) - the second type of moving average.
* UseAlerts (default = false) - if true, a beep will be played every time you cross the yellow and red lines.
At first glance, this indicator is not so easy to use, but it can be used. When skalpinge enter a long position when the green line above the red line, and - in short, when the red line above the green line. In the short-sale sign in the long positions when the green - the red and yellow, in short, when the red - over the green and yellow. When you enter in the medium-term trade long positions under the same conditions as in the short term, but only when all lines are lower than 50, for short positions - where higher levels of 50. Pay attention to the volatility of the blue channel, which shows a total force of the market when it wide. Abrupt changes in the green line signal on the short-term market volatility.
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Traders Dynamic Index for. Zip
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