TDI

TDI - Indicator 

Many things together in one simple, small indicator ....
Buy-Sell Signals , Avoid False Signals, check Volatility....
For short, medium trading and long term investing ...
//
// The Code
/*
1) Enter long when the green line is above the red line AND enter Short when the red line is the above green line.
2) for Short-term trading, enter long when the green is above both the red AND the brown line;
3) Enter Short when the red one is above both the green AND the brown ones.
4) for medium-term trading, go long under the same conditions as for the Short-term trading but only when all lines are below 50; to go Short — the same but above 50.
5) Mind the blue volatility band as it points to the long-term trend strength AND volatility when wide. Steep green line changes also Signal Short-term market volatility.
*/

SetChartBkColor(ParamColor("Outer panel color ",colorLightYellow)); // color of outer border
SetChartBkGradientFill( ParamColor("Inner panel color upper half", colorLightYellow),
ParamColor("Inner panel color lower half", colorRose)); // color of inner panel

// Downloaded From www.WiseStockTrader.com
//
//
_SECTION_BEGIN("Dynamic Traders Index");
PlotGrid(32, colorOrange);
PlotGrid(50, colorWhite);
PlotGrid(68, colorGreen);
r = RSI(13);
a = MA(r,2);
b = MA(r,7);
bh = MA(r,34)+1.6185*(StDev(r,34));
bl = MA(r,34)-1.6185*(StDev(r,34));
bm = MA(r,34);

Plot(a, "TDI - Traders Dynamic Index ", colorLime, styleThick);
Plot(b,"TSL", colorRed);

Plot( bh , "", colorBlue, styleThick);
Plot( bl , "", colorBlue, styleThick);
Plot(bm,"", colorBrown, styleThick);

_SECTION_END();