Please note that this version of the Traders Dynamic Index (TDI) indicator is free and does not offer any form of alerts, if you wish to be alerted on a potential trade setup then you can download the professional version.
At a first glance, the Traders Dynamic Index looks complex and difficult to use, but you will get accustomed to it:
- For scalping, enter long when the RSI Price Line is above the Trade Signal line and enter short when the Trade Signal line is the RSI Price line.
- For short-term trading, enter long when the RSI Price line is above both the Trade Signal line and the Middle Band and enter short when the RSI Price line is below both the Trade Signal line and the Middle Band.
- For medium-term trading, go long under the same conditions as for the short-term trading but only when all lines are below 50 and to go short it is the same but above 50.
Mind the blue band which is volatility as it points to the long-term trend strength and volatility when it goes wider than the other lines and a steep RSI Price line changes also signal short-term market volatility.
The Traders Dynamic Index indicator for cTrader was created by Dan Malone who designed it to perform a complete market analysis wherein the indicator would determine the direction of the trend and its strength.
There are only a few settings you can adjust, one is the colour of the crosshair and the other is the thickness.
How To Install
First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install it onto the platform.
Join Telegram Community
You can join a Telegram community and chat with other traders to discuss, share and ask for help.
Looking for a More Advanced Version?
We also offer a more advanced version of this indicator with various alerts, the TDI Pro is very popular amongst our customers.