Forex Indicator TDI

In the forex trading there are two forex trading indicators that looks have different initial under TDI indicator. Some traders know this indicator as Traders Dynamic Index and other know as Trend Detection Index. An if you want use these indicator for your strategy all you need to do is get the right TDI. With this article I will share about these two TDI forex indicators.

Traders Dynamic Index
This indicator is made to help forex traders in defining the market fluctuations regarding to trend indicator. This indicator consists with 4 lines indicators. Yellow line shows market base line, Red line show trade signal, blue line is for volatility reading and the green line is Relative strength index indicator line.

Forex indicator Traders Dynamic Index indicator is used by forex traders to define momentum, volatility and direction of the market trend. The indicator applies standard deviation to read the volatility of the market, simple moving average and exponential moving average to define the trend direction and RSI indicator to help determine the strength of the trend.

The basic setting for this indicator are 34 period Standard Deviation, 34 Exponential moving average indicator, 7 simple moving average indicator and 13 period Relative strength index indicator.

Forex indicator Traders Dynamic Index trading signals
- Open buy trading position if the green line is move above red and gray
- Open sell trading position when the red line is move above the green and yellow
- the gray line represents the change direction of the trend and the blue line represents the strength of the trend. And the bands are use to define volatility of the market.


Trend Detection Index

Some traders said that we can use Trend detection index indicator as a single trading tool or you can use it and combined it with other forex indicator. Do not worry this indicator will give you good performance in determining the trends of the market.

Trend Detection Index (TDI) forex indicator consists with two lines. THe red one shows the direction indicator and the blue one shows the trend detection index. You can open sell trading position when the TDI line indicator is positive and the direction indicator is negative. Open buy trading position when both indicator line are positive.