Traders Dynamic Index

Traders Dynamic Index Indicator (MQ4)

The Traders Dynamic Index Indicator is a fantastic addition to any traders toolbox. Its a clever combination of the RSI, Bollinger Bands & Moving Average indicators laid out in an easy to understand underlay.

Actively used in Forex, the Traders Dynamic Index Indicator is a free to download and use indicator written in MQL4 (Meta Quotes Language 4) that will work with Meta-trader 4 straight out of the box. It doesn’t rely on any other Indicators, Scripts or Expert Advisor’s to be installed and can be activated from the traditional ‘Add Indicators‘ drop down tab in the ‘Custom‘ indicators group.

TTDI Expert Advisor

To trade Forex automatically using MetaTrader you need an Expert Advisor. Luckily we have a profitable Expert Advisor using the Traders Dynamic Index on 3 time frames with a few other fantastic formulas to remove the clumsy human element from trading while earning a steady profit. Simply called the “Triple Traders Dynamic Index“, this Expert Advisor will blow your socks away, click the logo to the right to read more about it. Or the MyFXBook.com page showing its results as it is run live on a real Forex account.

Download Traders Dynamic Index MQL4 For Meta-trader 4 & other useful files

Using The Traders Dynamic Index

Once you see the tool in action you will quickly start to see the benefits it provides. Whether you trade by scalping, short or medium term the Traders Dynamic Index can be interpreted in accordance with your own strategy.

TDI Example

The graph to the left is showing the daily bars of the USD against the JPY in 2009. At the bottom of the graph in its own underlay is the Traders Dynamic Index indicator showing 4 different lines twisting into one and another

What The Colours Represent

• Dark Blue Lines showing the strength of the current trend
• Yellow Line showing the direction of trend
• Red Line displaying the slower Moving Average
• Green Line the slightly faster Moving Average

Traders Dynamic Index Strategies

It is possible to use the TDI indicator on its own, although most traders use a variety of different indicators to back each other up. The safest and probably the most profitable way to take advantage of the TDI is to use the signals produced to re-enforce the buy/sell commands of other indicators.  For a basic understanding of the signals produced see the points below:

Scalping w/ TDI

If you are a fast paced very short term trader who makes lots of small risky trades then you can simply concentrate on the 2 MA’s. When green climbs higher than the red MA go for a LONG position, then whent he green drops lower than the red look to SHORT. Using the Traders Dynamic Index Indicator in this way can be risky though but you will find that most indicators give out false signals even when they appear really strong.

Short Term w/ TDI

If you want a level of protection to lower the risk but reduce the amount of signals then try incorporating the yellow line into your strategy. Only go LONG if both MA’s are above the yellow line and only SHORT when they are both below. This ensures that you are at least following the current local trend to the current time-frame you are looking at.

Medium Term w/ TDI

For an additional indication that its safe to make a trade look at the numbers gauged into the right hand side of the underlay. They range from 0 to 100 but show up the currently relevant spread in the window. Only trade LONG when all lines except for the blue bands are above 50 and only go SHORT when all except blue are below 50.

 Traders Dynamic Index Video

Check out this video hosted at seiVideo.com showing you how to use the Traders Dynamic Index indicator during your Forex & Stock trading sessions.
Traders Dynamic Index Video

Advanced Traders Dynamic Index Strategies/Patterns

Once you have used this incredible indicator with your trading you are bound to start noticing patterns and tell-tale signs that help you predict price movements. Use the following link to see more Advanced Traders Dynamic Index Strategies as well as suggest some that you have discovered.