Traders Dynamic Index Metatrader Indicator

Traders Dynamic Index Metatrader Indicator
This indicator uses some of the most powerful indicators such as RSI and other kinds of calculations to determine the trend and dynamics of couples. In a blink, this indicator gives the current situation, the pair put you and let you know whether we are in a bull or bear situation. Although this indicator can be used independently, it is recommended to use other indicators confirm with him. Leading indicators such as trendlines fibos and should do well.

Indicator parameters are as follows:

RSI_Period (default = 13) - duration in bars for calculating the RSI.
RSI_Price (default = MODE_CLOSE) - price of the type to be used in the RSI calculation.
Volatility_Band (default = 34) parameter for volatility band calculation. (Can be between 20 and 40th The lower this value is becoming curvier band.)
RSI_Price_Line (default = 2) - the period of the first moving average (fast).
RSI_Price_Type (default = MODE_SMA) - the first type of moving average.
Trade_Signal_Line (default = 7) - the period of the second moving average (slow).
Trade_Signal_Type (default = MODE_SMA) - the second type of moving average.
UseAlerts (default = false) - If true, the Sound Alert will be played every time red and yellow lines cross.

The Sound Alert is always very helpful in every indicator has built in because in this way, you do not have to sit before the scheme as a hawk and watch it, thus straining your eyes more and more.


Where to Buy

You can purchase open position when the following happens:

1st Green line is above the red line
2nd Both green and red line above the yellow line
3rd The yellow line is above 50 (Optional for long term / short-term need)

When to Sell

You can open Sales position when the following happens:

1st The red line is above the green line
2nd Both red and green lines are below the yellow line
3rd The yellow line is below 50 (Optional for long term / short-term need)

When not to enter a trade

1st Did not enter the trade when the green / red lines are outside the Blue Line or very close to that ... trying to enter the trades as close to the yellow line as possible.
2nd Omit the trade when the blue lines (bands) are too narrow as it shows little volatility in the market.

I hope this indicator to help you develop your own trading system and make some more profit from the markets. Please share your research.