//+------------------------------------------------------------------+ //| Traders Dynamic Index.mq4 | //| Copyright © 2006, Dean Malone | //| www.compassfx.com | //+------------------------------------------------------------------+ //+------------------------------------------------------------------+ //| | //| Traders Dynamic Index | //| | //| This hybrid indicator is developed to assist traders in their | //| ability to decipher and monitor market conditions related to | //| trend direction, market strength, and market volatility. | //| | //| Even though comprehensive, the T.D.I. is easy to read and use. | //| | //| Green line = RSI Price line | //| Red line = Trade Signal line | //| Blue lines = Volatility Band | //| Yellow line = Market Base Line | //| | //| Trend Direction - Immediate and Overall | //| Immediate = Green over Red...price action is moving up. | //| Red over Green...price action is moving down. | //| | //| Overall = Yellow line trends up and down generally between the | //| lines 32 & 68. Watch for Yellow line to bounces off | //| these lines for market reversal. Trade long when | //| price is above the Yellow line, and trade short when | //| price is below. | //| | //| Market Strength & Volatility - Immediate and Overall | //| Immediate = Green Line - Strong = Steep slope up or down. | //| Weak = Moderate to Flat slope. | //| | //| Overall = Blue Lines - When expanding, market is strong and | //| trending. When constricting, market is weak and | //| in a range. When the Blue lines are extremely tight | //| in a narrow range, expect an economic announcement | //| or other market condition to spike the market. | //| | //| | //| Entry conditions | //| Scalping - Long = Green over Red, Short = Red over Green | //| Active - Long = Green over Red & Yellow lines | //| Short = Red over Green & Yellow lines | //| Moderate - Long = Green over Red, Yellow, & 50 lines | //| Short= Red over Green, Green below Yellow & 50 line | //| | //| Exit conditions* | //| Long = Green crosses below Red | //| Short = Green crosses above Red | //| * If Green crosses either Blue lines, consider exiting when | //| when the Green line crosses back over the Blue line. | //| | //| | //| IMPORTANT: The default settings are well tested and proven. | //| But, you can change the settings to fit your | //| trading style. | //| | //| | //| Price & Line Type settings: | //| RSI Price settings | //| 0 = Close price [DEFAULT] | //| 1 = Open price. | //| 2 = High price. | //| 3 = Low price. | //| 4 = Median price, (high+low)/2. | //| 5 = Typical price, (high+low+close)/3. | //| 6 = Weighted close price, (high+low+close+close)/4. | //| | //| RSI Price Line & Signal Line Type settings | //| 0 = Simple moving average [DEFAULT] | //| 1 = Exponential moving average | //| 2 = Smoothed moving average | //| 3 = Linear weighted moving average | //| | //| Good trading, | //| | //| Dean | //+------------------------------------------------------------------+ #property indicator_buffers 6 #property indicator_color1 Black #property indicator_color2 MediumBlue #property indicator_color3 Yellow #property indicator_color4 MediumBlue #property indicator_color5 Green #property indicator_color6 Red #property indicator_separate_window extern int RSI_Period = 13; //8-25 extern int RSI_Price = 0; //0-6 extern int Volatility_Band = 34; //20-40 extern int RSI_Price_Line = 2; extern int RSI_Price_Type = 0; //0-3 extern int Trade_Signal_Line = 7; extern int Trade_Signal_Type = 0; //0-3 double RSIBuf[],UpZone[],MdZone[],DnZone[],MaBuf[],MbBuf[]; int init() { IndicatorShortName("Traders Dynamic Index"); SetIndexBuffer(0,RSIBuf); SetIndexBuffer(1,UpZone); SetIndexBuffer(2,MdZone); SetIndexBuffer(3,DnZone); SetIndexBuffer(4,MaBuf); SetIndexBuffer(5,MbBuf); SetIndexStyle(0,DRAW_NONE); SetIndexStyle(1,DRAW_LINE); SetIndexStyle(2,DRAW_LINE,0,2); SetIndexStyle(3,DRAW_LINE); SetIndexStyle(4,DRAW_LINE,0,2); SetIndexStyle(5,DRAW_LINE,0,2); SetIndexLabel(0,NULL); SetIndexLabel(1,"VB High"); SetIndexLabel(2,"Market Base Line"); SetIndexLabel(3,"VB Low"); SetIndexLabel(4,"RSI Price Line"); SetIndexLabel(5,"Trade Signal Line"); SetLevelValue(0,50); SetLevelValue(1,68); SetLevelValue(2,32); SetLevelStyle(STYLE_DOT,1,DimGray); return(0); } int start() { double MA,RSI[]; ArrayResize(RSI,Volatility_Band); int counted_bars=IndicatorCounted(); int limit = Bars-counted_bars-1; for(int i=limit; i>=0; i--) { RSIBuf[i] = (iRSI(NULL,0,RSI_Period,RSI_Price,i)); MA = 0; for(int x=i; x=0;i--) { MaBuf[i] = (iMAOnArray(RSIBuf,0,RSI_Price_Line,0,RSI_Price_Type,i)); MbBuf[i] = (iMAOnArray(RSIBuf,0,Trade_Signal_Line,0,Trade_Signal_Type,i)); } //---- return(0); } double StDev(double& Data[], int Per) {return(MathSqrt(Variance(Data,Per))); } double Variance(double& Data[], int Per) {double sum, ssum; for (int i=0; i