loxx

TDI w/ Variety RSI, Averages, & Source Types [Loxx]

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 Traders Dynamic Index ( TDI ) is easy to read and use. This version of TDI has 7 different types of RSI , 38 different types of Moving Averages, 33 source types, and 5 types of signals as well as alerts and coloring. Default RSI type is set to Jurik's RSX . This indicator can be used on any timeframe.

Green/Red line = RSI Price line
White line = Trade Signal line
Dark Green/Red lines = Volatility Band
Yellow line = Market Base Line
Gray dashed lines = Horizontal boundary lines, oversold/overbought

5 Signal Types w/ Alerts
Signal Crosses = Green/Red line crosses over or under White line
Floating Boundary Crosses = Green/Red line crosses over or under upper Dark Green/ lower Red lines
Horizontal Boundary Crosses = Green/Red line crosses over or under Gray dashed upper/lower lines
Floating Middle Crosses = Green/Red line crosses over or under Yellow line
Horizontal Middle Crosses = Green/Red line crosses over or under Gray dashed middle line

Manual Signal Types (no alerts included, this requires manual analysis)
Volatility Band Signals (Dark Green/Red lines) = When the Dark Green/Red lines are expanding, the market is strong and trending. When Dark Green/Red lines are constricting, the market is weak and in a range. When the Dark Green/Red lines are extremely tight in a narrow range, expect an economic announcement or other market condition to spike the market

Beyond these simple signal rules, there are various other signals or methods that can be used to derive long/short/exit signals from TDI included slope of the Green/Red line and bounces off the Yellow line.

Included
  • Loxx's Expanded Source Types
  • Loxx's Variety RSI
  • Loxx's Moving Averages
  • Signals
  • Alerts
  • Bar coloring

Skrypt open-source

Zgodnie z prawdziwym duchem TradingView, autor tego skryptu opublikował go jako open-source, aby traderzy mogli go zrozumieć i zweryfikować. Brawo dla autora! Możesz używać go za darmo, ale ponowne wykorzystanie tego kodu w publikacji jest regulowane przez Dobre Praktyki. Możesz go oznaczyć jako ulubione, aby użyć go na wykresie.

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