TDI Forex Indicator for Mobile
Cheat the FX Market with the Best Traders Dynamic Index Strategy
The Traders Dynamic Index (TDI) is a powerful technical analysis tool used by Forex traders to identify trends, market strength, and potential entry and exit points. In this article, we will delve into what the TDI indicator is, how to use it effectively, and the best TDI trading strategy to cheat the FX market.
The TDI is a versatile trading indicator that combines various indicators such as the Moving Average, Relative Strength Index (RSI), and Bollinger Bands. It offers a comprehensive view of the market by providing information about trend direction, market strength, and volatility.
Here is how to include the full TDI indicator with Volatility Bands and Market Base Line on your mobile or tablet version of MT4 (or any other platform that doesn’t have the Trader’s Dynamic Index custom indicator).
How to add TDI to MT5 mobile?
- Insert an RSI with the color set to your background color or to “None” if you have that option.
- Set the RSI period to “13”, Apply it to “Close”.
- Insert a Moving Average into the RSI’s indicator window and set that period to “2”, “Simple”, apply it to “Previous Indicator’s Data” and make that line Green.
- Insert another Moving Average into the RSI’s indicator window and set that period to “7”, “Simple”, apply it to “Previous Indicator’s Data” and make that line Red.
- Insert a Bollinger Band into the RSI’s indicator window and set that to “34” with a deviation of “1.619”, apply it to “First Indicator’s Data” and set that line to Blue.
- Inset a Moving Average again into the RSI’s indicator window and set it to “34”, or “Simple”, apply it to “First Indicator’s Data” and set that line to Yellow. And there you have it. The complete TDI for your mobile, tablet, or any other platform.
TDI Indicator Parameters
Before we delve into the trading strategy, let’s understand the key parameters of the TDI indicator:
Red Line: Represents the RSI value.
Green Line: Represents the fast-moving average.
Yellow Line: Represents the slow-moving average.
Upper Blue Band: Represents overbought conditions (usually set at 70).
Lower Blue Band: Represents oversold conditions (usually set at 30).
TDI Indicator for Mobile
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How to Use the TDI Indicator?
The TDI indicator can be used in various ways to identify potential trading opportunities:
- TDI Indicator Trend Direction
The TDI indicator’s green line can be used to determine the overall trend direction. When it moves above the yellow line, it indicates a bullish trend, and when it moves below the yellow line, it indicates a bearish trend. - TDI Indicator Market Strength & Volatility
The angle and separation between the red and green lines provide insights into the market’s strength and volatility. A wide gap between the lines indicates strong momentum, while a narrow gap suggests a potential trend reversal. - TDI Indicator Trading Signals
The TDI indicator generates trading signals based on crossovers and divergences. A crossover of the green line above the yellow line signals a buy opportunity, while a crossover below indicates a sell opportunity. Divergences between price and the TDI indicator can also signal potential reversals.
The Best Traders Dynamic Index Strategy
Now that we understand the basics of the TDI indicator, let’s explore the best TDI trading strategy to cheat the FX market.
Step #1: Look for the Red Line to break above the Yellow Line
The first step is to wait for the TDI indicator’s red line to cross above the yellow line, indicating a potential bullish trend. This signals that the RSI value is gaining strength, and the market might be entering an uptrend.
Step #2: Wait for the Green Line to also break above the Yellow Line
The second step is to confirm the bullish trend by waiting for the green line to cross above the yellow line as well. This dual confirmation further validates the strength of the upward movement.
Step #3: Buy at the closing candle after the Green Line breaks above the Yellow Line
Once both the red and green lines have crossed above the yellow line, wait for the closing candle to confirm the breakout. Enter a long position at the opening of the next candle.
Step #4: Place your Stop Loss below the respective swing low
To protect your capital, set a stop loss just below the swing low that formed as a result of the red line crossing above the green line. This ensures that you exit the trade if the market reverses unexpectedly.
Step #5: Take Profit when both the Red Line and the Green Line cross above the 70 level
To secure your profits, consider closing your position when both the red line and the green line cross above the 70 level, indicating overbought conditions.
Conclusion
The Traders Dynamic Index (TDI) is a powerful tool that can help traders cheat the FX market by identifying favorable trading opportunities. By understanding the TDI indicator’s parameters and following the best trading strategy, traders can gain a competitive edge in the Forex market.
F.A.Q
The Traders Dynamic Index (TDI) indicator is a comprehensive technical analysis tool that combines various indicators to provide insights into trend direction, market strength, and volatility.
To configure the TDI indicator, traders can adjust the parameters such as the RSI period, moving average types, and Bollinger Bands settings.
Yes, the TDI indicator is popular among day traders due to its ability to generate timely trading signals and identify short-term trends.
Traders can find various resources, including PDF guides, explaining the best TDI trading strategy, on online trading forums and educational websites.
Absolutely! Traders often combine the TDI indicator with other technical analysis tools to confirm signals and enhance their trading strategies.
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Written By: Allen Matshalaga
Allen is a professional forex trader, blogger, and online enthusiast who spends most of his time testing and reviewing legit ways of making money online and is determined to help others succeed.