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Traders Dynamic Index (amaTradersDynamicIndex)

Version 1.2 September 16, 2017

The Traders Dynamic Index (TDI) is a trend following momentum indicator based on the RSI. It was developed and presented by Dean Malone. The Traders Dynamic Index comes with the following plots

- the Priceline, which is a SMA(2) of RSI(13)
- the Signalline, which is a SMA(7) of RSI (13)
- the Midband, which is a SMA(34) of RSI (13)
- Bollinger Bands around the SMA(34) using a standard deviation multiplier of 1.62

The following combinations may be considered as trade rules:

- go long, if Priceline > 50
- go short if Priceline < 50
- consider an exit, if Priceline is above 68 or below 32

- go long if Priceline > Signalline
- go short if Priceline < Signalline
- exit if Priceline crosses Signalline

- trendfilter long, when Priceline > Midband
- trendfilter short, when Priceline < Midband

- add to long, when Priceline > upper Bollinger Band
- add to short, when Priceline < lower Bollinger Band

Detailed rules how to use the Traders Dynamic Index have been published by Dean Malone within the framework of the E.A.S.Y. trading method.

Category NinjaTrader 8 Indicators and More

Details: Traders Dynamic Index (amaTradersDynamicIndex)
Category: NinjaTrader 8 Indicators and More

September 16th, 2017
Size: 8.24 KB
Downloaded: 1614 times

Keywords: bollinger bollingerbands oscillator rsi tdi tradersdynamicindex

Comments/ratings

Japhro September 17th, 2017 10:05 AM

Thanks to Fattails for all he has done

NGtrader September 20th, 2017 03:19 AM

Thanks so much for making this for NT8!!

usdivers October 3rd, 2017 07:09 PM

great work!

Flyboy1966 November 4th, 2018 05:37 AM

Thank you so much, it works very nicely....

Sousa January 8th, 2019 11:44 PM

No Comment

JadeL October 9th, 2020 10:39 AM

Useful indicator. Thanks!

abdunbar December 18th, 2020 01:26 PM

No Comment

TomTownsend February 22nd, 2021 03:28 PM

Thank you, so appreciate the conversion!!!

Anand Jagdeo August 5th, 2021 10:19 AM

Good morning. Is it possible to provide this for NT8. Thanks

Anand

ballhaj December 6th, 2022 03:54 PM

thanks for sharing

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