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Traders Dynamic Index

Exported using NT Version 7.0.1000.22

The Traders Dynamic Index 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 ingredients

- 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)
- BollingerBands around the SMA(34) using 1.62 StdDev

Combine some of the following rules to trade:

- 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 > BollingerBand.Upper
- add to short, when Priceline < BollingerBand.Lower

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.

Update March 22, 2014: Overbought and oversold lines added.

Category NinjaTrader 7 Indicators

Details: Traders Dynamic Index
Category: NinjaTrader 7 Indicators

March 22nd, 2014
Size: 9.44 KB
Downloaded: 3455 times

Keywords: bollinger bollingerbands rsi tdi tradersdynamicindex

Comments/ratings

Bengaltiger January 20th, 2011 10:31 PM

No Comment

DancesWithBears January 22nd, 2011 08:50 PM

No Comment

Southsea January 23rd, 2011 09:17 PM

Thanks so much for the indicator. Could you make a version for NT6.5? Thanks so much! SS

Trafford January 25th, 2011 12:46 PM

FT - Thanks for cleaning up code and making it a useful indie!

Zephyr February 13th, 2011 06:43 PM

Thank you very much! This is an EXCELLENT indicator!

galldg March 17th, 2011 03:41 AM

great indicator, thanks

jangenoegen March 29th, 2011 08:28 AM

thanks voor sharing this great indicator, thanks

revs April 28th, 2011 01:58 PM

Hi, many thanks for this indicator.

Is it possible to add the 32 and 68 lines along with the 50 line?

jrs659 August 9th, 2011 01:00 PM

been looking 4 something like this,,thanks for your time and effort

WuDi August 24th, 2011 09:19 AM

Hi,
Thanks for sharing freely this dynamic indicator.

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