OPEN-SOURCE SCRIPT
Delorean TDI - Traders Dynamic Index
Actualizado
Traders Dynamic Index (for the Delorean Strategy)
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This indicator helps to decipher and monitor market conditions related to trend direction, market strength, and market volatility.
TDI has the following components:
* Green line = RSI Price line
* Red line = Trade Signal line
* Blue lines = Volatility Bands
* Yellow line = Market Base Line
Trend Direction - Immediate and Overall:
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* Yellow line trends up and down generally between the lines 32 & 68. Watch for Yellow line to bounces off these lines for market reversal. Trade long when price is above the Yellow line, and trade short when price is below.
Market Strength & Volatility - Immediate and Overall:
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* Immediate = Green Line -> Strong = Steep slope up or down.
* Immediate = Green Line -> Weak = Moderate to Flat slope.
* Overall = Blue Lines -> When expanding, market is strong and trending.
* Overall = Blue Lines -> When constricting, market is weak and in a range.
* Overall = Blue Lines -> When the Blue lines are extremely tight in a narrow range, expect an economic announcement or other market condition to spike the market.
Note Credit: LazyBear - altered for the Delorean Strategy
===============================================================
This indicator helps to decipher and monitor market conditions related to trend direction, market strength, and market volatility.
TDI has the following components:
* Green line = RSI Price line
* Red line = Trade Signal line
* Blue lines = Volatility Bands
* Yellow line = Market Base Line
Trend Direction - Immediate and Overall:
----------------------------------------------------
* Yellow line trends up and down generally between the lines 32 & 68. Watch for Yellow line to bounces off these lines for market reversal. Trade long when price is above the Yellow line, and trade short when price is below.
Market Strength & Volatility - Immediate and Overall:
----------------------------------------------------
* Immediate = Green Line -> Strong = Steep slope up or down.
* Immediate = Green Line -> Weak = Moderate to Flat slope.
* Overall = Blue Lines -> When expanding, market is strong and trending.
* Overall = Blue Lines -> When constricting, market is weak and in a range.
* Overall = Blue Lines -> When the Blue lines are extremely tight in a narrow range, expect an economic announcement or other market condition to spike the market.
Note Credit: LazyBear - altered for the Delorean Strategy
Notas de prensa
Included Highly Sold (30) and Highly Bought (70) metricNotas de prensa
Included Highly Sold (30) and Highly Overbought (70) metric, correcting screenshot from previous update.Notas de prensa
Updating screenshot.Notas de prensa
Corrected mislabeled variable namesNotas de prensa
Updated Chart ScreenshotScript de código abierto
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