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Traders Dynamic Index Indicator (Dean Malone's EASY) for NT 7
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Traders Dynamic Index Indicator (Dean Malone's EASY) for NT 7

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Traders Dynamic Index Indicator (Dean Malone's EASY) for NT 7

I use HA charts for my trading and use a method very similar to Dean Malone's EASY (using Price Channels) - a great filter would be the Traders Dynamic Index. I know it is freely available in MT4 but as I use NT7, I was wondering if anybody has coded it for NT 7? If not, would any programmer be interested in coding it for a fee?

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Bengaltiger View Post
I use HA charts for my trading and use a method very similar to Dean Malone's EASY (using Price Channels) - a great filter would be the Traders Dynamic Index. I know it is freely available in MT4 but as I use NT7, I was wondering if anybody has coded it for NT 7? If not, would any programmer be interested in coding it for a fee?

You should post the MT4 code and screen shots to entice someone to convert it for you.

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Bengaltiger View Post
I use HA charts for my trading and use a method very similar to Dean Malone's EASY (using Price Channels) - a great filter would be the Traders Dynamic Index. I know it is freely available in MT4 but as I use NT7, I was wondering if anybody has coded it for NT 7? If not, would any programmer be interested in coding it for a fee?

Could you check, whether this is what you are looking for? If it is accurate, it can be easily coded.

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Traders Dynamic Index Indicator (Dean Malone's EASY) for NT 7-6e-03-11-15-min-17_01_2011.jpg  
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Traders Dynamic Index

Input parameters:

  • RSI_Period (default = 13) — period in bars for calculation of RSI.
  • RSI_Price (default = MODE_CLOSE) — price type to use in RSI calculation.
  • Volatility_Band (default = 34) — parameter for volatility band calculation. Can be between 20 and 40. The lower this value is the curvier becomes the band.
  • RSI_Price_Line (default = 2) — period of the first moving average (fast).
  • RSI_Price_Type (default = MODE_SMA) — type of the first moving average.
  • Trade_Signal_Line (default = 7) — period of the second moving average (slow).
  • Trade_Signal_Type (default = MODE_SMA) — type of the second moving average.
  • UseAlerts (default = false) — if true then sound alert will be played each time red and yellow
Looks like the RSI with moving averages wrappped up in a Bollinger Band. Is that pretty much it?

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Traders Dynamic Index

Input parameters:

  • RSI_Period (default = 13) — period in bars for calculation of RSI.
  • RSI_Price (default = MODE_CLOSE) — price type to use in RSI calculation.
  • Volatility_Band (default = 34) — parameter for volatility band calculation. Can be between 20 and 40. The lower this value is the curvier becomes the band.
  • RSI_Price_Line (default = 2) — period of the first moving average (fast).
  • RSI_Price_Type (default = MODE_SMA) — type of the first moving average.
  • Trade_Signal_Line (default = 7) — period of the second moving average (slow).
  • Trade_Signal_Type (default = MODE_SMA) — type of the second moving average.
  • UseAlerts (default = false) — if true then sound alert will be played each time red and yellow
Looks like the RSI with moving averages wrappped up in a Bollinger Band. Is that pretty much it?

This is what I think:

PriceLine (green) -> 2-period SMA of RSI(13)
SignaLline (red) -> 7-period SMA of RSI(13)
Average (yellow) -> 34-period SMA of RSI(13)
Bands -> Bollinger(34, 1.62) of RSI(13)

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Bengaltiger View Post
I use HA charts for my trading and use a method very similar to Dean Malone's EASY (using Price Channels) - a great filter would be the Traders Dynamic Index. I know it is freely available in MT4 but as I use NT7, I was wondering if anybody has coded it for NT 7? If not, would any programmer be interested in coding it for a fee?

Interesting i was using this indicator when i was in the Forex world in 2008. That was an interesting indicator to filter some conditions and Dean Malone is a very good teacher. I still get his short videos. Would be cool to have it for Ninja.

His ADR calculator would be another great addition to Ninja. Pretty much in line with what Fat Tails has already developed.
Check his ADR videos: http://www.compassfx.com/synergy/commentary.htm

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I coded the TDI for NT6.5. After trading I will import it into NT7 and make any changes if needed. If I works I will post it here.

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Trader's Dynamic Index for NT7

Here is a version for the Trader's Dynamic Index for NT7:

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Getting ready to post it but someone already has.

Fat Tails and my version are identical (except colors). Curious as to what instrument and chart intervals folks are using this one. When I played with on NT6.5 I could never find consistency with it.

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