Entry and Exit Forex MT4 Indicator - Traders Dynamic Index
The indicator comes with multiple parameters:
RSI-Period (default value 13): Time period for RSI calculation.
RSI-Price (default value Close): Price used in RSI calculation.
Volatility-Band (default value 34): A larger value results in a smoother curve.
RSI-Price-Line (default value 2): Fast line time period.
RSI-Price-Type (default value SMA): Method used for fast line calculation.
Trade-Signal-Line (default value 7): Slow line time period.
Trade-Signal-Type (default value SMA): Method used for slow line calculation.
User-Alerts (default value false): Generates alerts when the red and yellow lines cross.
Trading Guidelines:
Ultra Short-Term Trading: Go long when the green line crosses above the red line, and go short when it crosses below.
Short-Term Trading: Go long when the green line is above both the red and yellow lines, and go short when the red line is above both the green and yellow lines.
Medium-Term Trading: In addition to short-term conditions, go long when all lines are above the 50 line, and go short when all lines are below the 50 line.
The distance between the blue lines indicates volatility.
Entry and Exit Forex MT4 Indicator - Traders Dynamic Index Entry and Exit Forex MT4 Indicator - Traders Dynamic Index
