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True Direction Oscillator

60 USD

Demo downloaded: 7 164

Published: 23 November 2015

Current version: 9.2

True Direction Oscillator

Name: True Direction Oscillator
Price: 60.00 USD
Rating: 4.8567495 (363 reviews)
Author: Muhammad Elbermawi

4.86

Indicators
Muhammad Elbermawi
Version: 9.2
Updated: 22 May 2020
Activations: 20

Or (TDO) which is an index that measures the price rate of change using the principle of " Pure Momentum".

When a security price advances from 10 to 15 then the price rate of change is 150% but when it declines back from 15 to 10 then the price rate of change is 33.3% only. That is why technical analysis indicators like "Price Rate of Change" (ROC) or "Momentum" give higher readings for ascending price movements than those given to descending ones. TDO fixes this problem to help traders at reading momentum correctly.

Important Information

TDO User's Manual: https://www.mql5.com/en/blogs/post/717970

TDO F.A.Q : https://www.mql5.com/en/blogs/post/722015

TDO Video Library: https://www.mql5.com/en/blogs/post/722018

TDO Expert Advisor Example: https://www.mql5.com/en/blogs/post/731141

TDO Features

TDO calculates pure momentum as percent, so it is used to compare different securities from different markets. (Ex: compare EURUSD with Gold & Dow Jones Industrial).

TDO panel calculation depends on five different periods, to cover a wide range of market cycles and can be more effective at catching trends.

TDO arrow appears when all TDO panel dots are in line for the first time. This feature reduces the number of false zero-line cross signals to their lowest number.

Sound, email alerts when trend strengthens and when arrow signals appear at the beginning of a new trend.

You can switch between FX pairs by pressing the Symbols Button. You can choose to open the chart in a new window.

You can add a Standard Deviation Channel or a Linear Regression Channel by pressing the Channel Button.

You can add a Grid from different levels of round numbers.

You can add support & resistance levels.

Well-designed parameters to help the user navigate between them.

TDO code is revised to make sure that it will not consume the user's PC memory.

TDO arrows do not repaint or recalculate its results.

Important TDO Parameters

1) TDO SETTINGS

First TDO Period [ Min =1 ]:This is the first cycle in the TDO Panel. Default is 10.

2) TDO COLORS LIST & BUTTONS

Chart Colors List:You can choose between four different color lists, or you can choose to (Do Nothing).

3) TDO ARROWS & ALERT
4) TDO PANEL ALERT
5) TDO SYMBOLS BUTTONS

Window to Show Symbols Panel:Show Symbol Buttons in Main chart window or in TDO Window.
Button Click Action:Open chart on the same window or in a new window.
Symbols Source From:Get symbols from custom symbol list or from Market Watch.
List of symbols (separated by ";"): If you choose symbols from a custom list then separate between symbols by ";".
Buttons in a Horizontal Row [Min=(1)]:Number of buttons to show in a row.
Time-Frames to Show [Min=(1) & Max=(9)]:Default is seven.

6) TDO CHANNEL

Channel Kind: Choose between Standard Deviation Channels or Linear Regression Channel.
Channel Ray:To show the channel as a ray.
Channel Length: Number of candles used in channel calculation. Default is 160.

7) TDO GRID LINES

Sub Grid Levels Count:You can add from zero to ten sub levels between main grid levels.

8) TDO ZIG ZONE LEVELS

If you have any questions then please, contact me via a private message or, write them in the comment section.
Muhammad Al Bermaui, CMT

more...

582

Yusuf Hamzah 2024.09.08 17:12 #

The indicator is logically simple and elegant. I value an innovative idea that improve on existing analysis framework. It provides a potential for an unbiased trend confirmation (via momentum movement). I vouch for this.

sultan10001 2024.06.30 07:24 #

I highly recommend the TDO Indicator for trading. Its advanced algorithms provide accurate signals for market entry, aiding in making informed decisions. The indicator effectively filters market noise, offering clear visual cues that enhance trading strategies.

109

ovno27 2024.04.07 09:07 #

The direction is really true!!!

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This is a semi-automatic expert advisor that trades the grid system. The idea is to gradually take different positions in the market, then to calculate the break-even level for them. When the prices pass this break-even by a predetermined distance all opened orders are closed. Important Information Here is the user's guide: https://www.mql5.com/en/blogs/post/730567 You can try this EA with any of my other products, here: https://www.mql5.com/en/users/bermaui314/seller Important Featur

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Or M oving A verage S upport R esistance Bands . MASR Bands indicator is a moving average surrounded by two bands that work together as support and resistance levels. Statistically, MASR Bands contain price candles 93% of the time. Here is how it is calculated in steps: 1. The first step is to calculate the highest high (HHV) and the lowest low (LLV) for an X period of time. 2. The second step is to divide HHV by LLV to get how wide is the distance between them as a percentage. I call the

50 USD

Bermaui Bands (BB) is a technical analysis tool that helps filter between ranging and trending price movements. The idea behind this indicator can be explained in the next steps: Calculate Standard Deviation as an oscillator that moves between 0 and 100. I will name it Bermaui Deviation percent (BD %). If "BD %" is near zero then volatility is at its extreme. In addition, if "BD %" is near 100 then volatility is very low. High volatility means a great probability for a trending market, while low

50 USD

Or CKC. This indicator works depending on the classic ten-day moving average rule described by Chester W. Keltner (1909–1998). All parameters are set to the classic version of the Keltner system by default, while the user can change them if he wants. Important Information Read CKC Manual: https://www.mql5.com/en/blogs/post/736577 CKC Expert Advisor Example: https://www.mql5.com/en/blogs/post/734150 About Keltner Channel Formula 1. Calculate the Center Line as a simple moving aver

60 USD

Or "MAC". This is an indicator designed to help you capture and trade the trend. The idea behind this indicator can be explained in the next steps: Draw a fast-moving average Envelope. Draw a slow-moving average Envelope. The MAC Upper Band is the highest value between the high of both Envelopes. The MAC Lower Band is the lowest value between the low of both Envelopes. The MAC Histogram Cloud fills the distance between two bands to show you change in direction. Blue Cloud indicates the uptren

60 USD

Bermaui Pin Bars Or (BPB) is an indicator that finds Pin Bars price action pattern on the chart. Pin Bars is a shortcut for "Pinocchio Bars" which is a classic bar pattern alternative to Japanese candlesticks with tall upper or lower shadows and very small bodies like Hammer, Inverted-Hammer, Hanging Man, Shooting Star, Dragon Fly Doji or Grave Stone Doji. Bermaui Pin Bars indicator find this pattern depending on a formula that can be explained in the next steps: At first BPB calculate the

50 USD

This is a price channel that shows five important price levels on the chart. Those levels are: 1. The Highest High (HH) of the previous x bars. 2. The Highest Low (HL) of the previous x bars. 3. The Center Line. 4. The Lowest High (LH) of the previous x bars. 5. The Lowest Low (LL) of the previous x bars. How does Bermaui Channels Captures Overbought area Think of the distance between HH and HL levels as an overbought area. When the price candles or bars crosses the HL to the upside this

50 USD

The idea of this indicator is to draw RSI in the form of candles that can be compared with price charts to generate buy and sell signals. The indicator is not my invention. I founded it on the internet several years ago. I updated the code, added alert functions, added the Bermaui Utilities group of tools. The indicator calculates the RSI of all the prices that are used to draw candlesticks (RSI of the open, high, low & close). It uses the highest of them to draw the RSI candles high wick & the

40 USD

Filter:

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Yusuf Hamzah 2024.09.08 17:12 #

sultan10001 2024.06.30 07:24 #

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Reply from developer Muhammad Elbermawi 2024.06.30 07:27 #

That is great 🙏💚 Thanks a lot

josephh2018 2024.04.18 17:20 #

User didn't leave any comment to the rating

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Reply from developer Muhammad Elbermawi 2024.04.18 18:44 #

Thanks a lot for the great review, Joseph 🙏

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jmhuang 2024.04.10 23:34 #

THE SELLER IS ASKING FOR A POSITIVE REVIEW IN EXCHANGE FOR FREE INDICATOR. THERE ARE MANY FAKE REVIEWS. THE TDO TRUE DIRECTION OSCILLATOR IS LAGGARD INDICATOR AND PRODUCES ONE TO TWO SIGNALS A DAY. EVEN THE SIGNALS ARE VERY OFTEN WRONG.DON'T BE MISLED BY THE REVIEWS. BUYER BEWARE. YOUR MONEY WILL BE WASTED

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Reply from developer Muhammad Elbermawi 2024.04.10 23:44 #

There are 28 majors in Forex ... Two signals on each chart equals 56 opportunities each day ... and you say that is not enough! ... I smell greed here

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ovno27 2024.04.07 09:07 #

The direction is really true!!!

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pornchai_p 2023.06.08 18:37 #

User didn't leave any comment to the rating

Shimaa Kamal 2023.05.26 23:14 #

This is a great indicator ... Thank you very much

gigoro 2023.03.21 10:34 #

the idea of the indicator is good and it contains services that really save a lot of effort& time

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Solomon Ola 2023.03.17 19:20 #

best indicatot i have ever see i give hit 5ster

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passyjh 2023.02.28 11:43 #

I think this is good indicator.

mostafa gamal 2023.02.14 02:15 #

I DID NOT FIND BAHIROMI STOCHASTIC

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wuzzy66 2023.01.13 21:24 #

BRILLIANT INDICATOR BRILLIANT CONCEPT VERY POWERFUL INDICATOR I WOULD SAY THIS IS MY BEST INDICATOR FOR THREE YEAR JUST FOLLOWING SIMPLE INSTRUCTIONS AND READY TO START MAKING GOOD PIPS STRAIGHT FORWARD TO USE A MONEY BACK GUARANTEE IF I HAD MY WAYTO SAY THAT THIS SIS AN EXCELLENT INDICATOR THE MINUTE ALL ALIGNS EITHER A BLUE OR RED YOU ARE GOOD TO GO I GIVE IT A TEN STAR RATING KEEP UP THE GOOD WORK YOU CAN RENT JUST FOR $10 FOR A MONTH AND YOU WONT BE DISAPPOINTED

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Reply from developer Muhammad Elbermawi 2023.01.14 02:33 #

Wow, that is an awesome review ... Happy 2023 🙏

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davevicens 2022.12.30 11:43 #

First operation and first benefit. I love this indicator!!! Happy New Year

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Reply from developer Muhammad Elbermawi 2022.12.30 13:42 #

Happy new year to you too my friend 🌲 🙏

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NN 2022.08.25 14:37 #

Useless! It is lagging and does not help!

Jedidiah Benedict 2022.08.05 18:31 #

I really like this indicator.

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Walid Nazmi 2022.06.22 15:20 #

Trust me (TDO) is all what you need! Key Advantages : 1) Indicator doesn't flash false signals during a spike or sudden price move. 2) 100% you can rely on the indicator 3) Result from the back test and in real-time is a perfect match. I'm certainly glad i came across the author Mr. Muhammad Elbermawi

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Reply from developer Muhammad Elbermawi 2022.06.22 15:25 #

Thanks a lot for the great review, Walid 🙏

Hamid Niazmand 2022.06.14 05:37 #

useless! I don't understand why all the reviews are 5 star while the indicator is just regular ok indicator. 15 min ago in 4 hours chart usd/jpy showing sell signal and I went according to that and 5 min later after I went short the sell signal disappeared I understand trade is based on probabilities but when signal disappeared that is questionable. so do not get fooled by pervious signal it can change easily. if you don't believe it then rent it for month !!!

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Reply from developer Muhammad Elbermawi 2022.06.14 07:51 #

I can see that you didn't read the manual and so, you don't understand the idea of the indicator.
My indicators don't repaint themself as you claim. Thousands of customers tried them without any problems.
As I mentioned in the description the "TDO arrows do not repaint or recalculate their results."

atarek1978 2022.06.11 22:55 #

these fake reviews encourage us to buy such a bad indicator If it is a winning tool than the author will not sell it with 60 dollars

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Reply from developer Muhammad Elbermawi 2022.06.12 12:29 #

I can't figure out what bothers you so much about the True Direction Oscillator reviews.
All people here have the freedom to change their reviews whenever they want.
I do my best to serve my customers and give them the best value for each dollar they pay.

rodbizness 2022.06.11 01:16 #

Sincerely, Very Awsome indicator. Thank you so much Muhammad.

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Fann29 2022.05.19 08:29 #

This TDO is not only one indicator, there is plus 4!! very worth it for the price! Thank you!

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Version 9.2 2020.05.22

In TDO version 9.2 I have enhanced the alert and notifications to work better with the MT4 system tester
.
Note:
I didn't make any changes to TDO's basic formula. It is still the same.
I didn't make any changes in indicator parameters or buffers.

Version 9.1 2020.02.23

Fixed a small bug in the de-initialization function, that used to cause the symbols switch tool not to work properly.
.
Note:
I didn't make any changes on TDO basic formula. It is still the same.
I didn't make any changes in indicator parameters or buffers.

Version 9.0 2019.12.28

1. Enhanced TDO code to be much more faster.
2. Decreased indicator buffers from ten to six.
3. Deleted Max Candles to Draw parameter, so , the indicator appear on all the chart.
4. Added a background to the Martingale Panel.
5. Added the option to show channels as shaded area or as lines.
6. Enhanced the messages code.
7. Enhanced the colors list.

Note:
I didn't make any changes on TDO basic formula. It is still the same. Changes are for objects and indicator functions like (loops, ifs, for...etc).

Version 8.0 2019.10.16

What is new in TDO user to version 8.0:

1- You can show or hide TDO Panel and Buttons by clicking on Shift + A / D.
2- You can switch between four beautiful and well-designed Color Lists. Or you can use your own color list by choosing the (Do Nothing) choice.
3- You can send Mobile Notification or emails and if anything gets wrong you will receive a note in the terminal's journal.
4- Indicator objects now change their size automatically by depending on screen resolution.
5- Made inputs much more user friendly.
6- Made a revision to the code to make sure that there are no bugs.

Version 7.1 2019.07.18

You can now increase/decrease all buttons font size. This new feature is good for:

1. Those who use brokers with nonstandard symbols list. (ex: EURUSDecn, GBPUSDecn,...etc).

2. Those who want to enlarge their screen resolution through the windows (Customize Sizing Options).

I am now releasing version 7.1 and this project have been around MQL5 since 2015. I hope you can find it profitable for you as it was for me.

Version 7.0 2019.06.16

1. Enhanced TDO calculation method for a better use with iCustom() to build EAs and indicators depending on TDO.
2. Organized TDO parameters in a better style.
3. Opened the limits for (First TDO Period [Min =1]) parameters. This reduced the number of warning messages for wrong inputs in the previous version.
4. Changed the Channels period to 1000. This make TDO channels a very good trend filter.

Version 5.0 2018.10.09

1. Enhanced TDO calculation method.
2. Organized TDO parameters in a better style.
3. Enhanced the Round Number Grid calculation method.
4. Added sub levels to the Round Number Grid.
5. Added what I call Zig Zone Levels to easily capture support & resistance.

Version 4.0 2018.07.23

1.1. Added a "Symbol Switch Panel" to make it easy for user to switch between different charts.
1.2. "Symbol Switch Panel" can be from User inputs or from Market Watch window.
1.3. "Symbol Switch Panel" can change chart for current window or open it in a new one.
1.4. User can use "Symbol Switch Panel" to change current chart time frame.
1.5. User control the number of buttons on "Symbol Switch Panel". He can make them appear on main chart or TDO window.
---------------------------------------------------------
2.1 Added a "Price Channel".
2.2 User can choose between "Standard Deviation" or "Linear Regression" channels.
2.3 User can draw channels as a ray or make them as background.
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3.1 Added a "Price Grid".
3.2 User can choose between "Automatic Grid" and "Customer Grid".
3.3 User can multiply distance between grid levels.

Version 3.1 2018.04.27

1. Made a revision to the code to make sure that there are no bugs.
2. Made inputs much more user friendly.
3. Added arrow signals to follow the trend.
4. Added a multi time period panel.
5. Made shadow with color when trend is strong.
6. Added alerts when a new arrow appear.
7. Added alerts when multi time period panel is in-line.

Version 1.4 2016.01.04

In this version I tested the code and fixed all possible logical errors. The code now is more clear than before.