Traders Dynamic Index TDI
Here is the code for the famous Traders Dynamic Index aka the “TDI”.
//parameters
// lengthRSI = 13
// lengthband = 34
// lengthrsipl = 2
// lengthtradesl = 7
r = rsi[lengthrsi](close)
ma = average[lengthband](r)
offs = (1.6185 * std[lengthband](r))
up = ma+offs
dn = ma-offs
mid = (up+dn)/2
mab = average[lengthrsipl](r)
mbb = average[lengthtradesl](r)
lineup = 68
linemid = 50
linedown = 32
RETURN lineup as "line up", linemid as "line mid", linedown as "line down", up coloured(0,238,238) as "up", dn coloured(0,238,238) as "dn", mid coloured(255,165,0) as "mid", mab coloured(0,255,0), mbb coloured(255,0,0)
Comments
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Nicolas - you sir, are an absolute gentleman. Thank you for getting back to me so quick.
I see you have also written a code to back test (I think) the simple trading system regarding the TDI (First found on Forex Factory).
Not sure what your own results of that was, but it seems to me (won't have your experience) that it is a more manual system as there are certain criteria that need to be considered that an automatic system couldn't programme? (I obviously could be entirely wrong on that).
Anyway, thanks again, this will allow me to manually back test some results taking into consideration the general trend, whether or not the price is above the 5ema, any major S/R zones to consider etc. Then collating that info and seeing what criteria is important and what may not be in positive results via excel (The caveman way lol).
Thanks.
Hi Nicolas.
Is there an updated code for this - I copy and pasted your code exactly how it is shown and it was coming up with syntax errors.
I'm not at the computer right now to show you - but with your experience would you have any idea what these errors are?
Apologies - I have no previous experience with programming indicators so it might be something very obviously and silly.
Bonjour à tous, Post tardif, mais on débute tous un jour, et moi je découvre Prorealcode. A propos de jolis code de "Traders Dynamic Index TDI", on peut obtenir exactement la même chose (je dis bien exactement) avec un RSI 13 auquel on ajoute : - 2 Moyennes mobiles simple de 2 et 7 périodes (pour cet exemple) - des Bandes de Bollinger de période 34 et d'écart type 1.6185 (Les BB contiennent déjà la bande du milieu) Je dis simplement ça pour expliquer que tous les signaux sont basés sur des calculs qui se croisent souvent et qu'on peut les retrouver par des chemins différents. Ça me paraît inintéressant pour mieux les comprendre Tradivement ;-)