- Nonrepaint TDI with alerts
- Fisher
- ICustom function
Trend detection index - indicator for MetaTrader 5
Based on the "Are You in A Trend" article by M.H.Pee :
The trend detection index (TDI) is used to detect when a trend has begun and when it has come to an end. The TDI can be used as a stand-alone indicator or combined with others; it will perform well in detecting the beginning of trends. However, this does not mean its signals are totally accurate. Protective stops as well as trailing stops† must be incorporated to produce a complete mechanical system. These stops are required to protect against large losses when the indicator generates a losing trade. The T DI is robust; it can trade a diverse portfolio of markets profitably over many years, using the same parameters throughout.
In this version we are adding smoothing option prior to using prices in the calculation. The lag added is small, hence the smoothing can help in filtering out some false signals
- www.mql5.com
more -
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- TDI-2 - indicator for MetaTrader 4
- TDI-2_Cloud_HTF - indicator for MetaTrader 5
- TDI-With Alerts - indicator for MetaTrader 4
- more..
- www.mql5.com
It was about Trend Detection Index (TDI).
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About Traders Dynamic Index (it is TDI as well) :
Forum on trading, automated trading systems and testing trading strategies
Mladen Rakic, 2015.05.04 15:11
shay14
Where did I tell about that indicator (the "Smoothed Rsi Inverse Fisher Transform") that "it is a good filter"?
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PS : I do not trade TDI - since TDI is more or less two moving averages of the same RSI, my opinion that those averages crosses with the RSI are adding too much false signals for my taste (but then that is just my opinion - so in the case of TDI better to look sor some other source of information - maybe the best to use the Mark Douglas' document where he describes how he imagined how it should be used - here is his document explaining it : tdi.pdf)
How to attach standard Metatrader's indicator to the chart; how to change the settings of the indicator which was attached to the chart
https://www.mql5.com/en/forum/344569
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If you asked about MT4 and custom indicator TDI (which can be Trend Detection Index or Traders Dynamic Index) so you need the following information:
MetaTrader 4 Help → Auto Trading → Custom Indicators
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- 2020.06.19
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