4/4/25, 2:18 PM Traders Dynamic Index — MetaTrader Indicator
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Traders Dynamic Index
Traders Dynamic Index (TDI) MetaTrader indicator — a comprehensive but helpful indicator that uses RSI
(Relative Strength Index), its moving averages, and volatility bands (based on Bollinger Bands) to offer
traders a full picture of the current Forex market situation. It is available for MT4, MT5, and cTrader.
Traders Dynamic Index supports four alert triggers and four alert types. It can also be used in a multi-
timeframe mode.
Input parameters
Main
RSI_Period (default = 13) — period in bars for calculation of RSI. Recommended range is between 8 and
25.
RSI_Price (default = Close price) — price type to use in RSI calculation.
Volatility_Band (default = 34) — period in bars for volatility bands calculation. Recommended range is
between 20 and 40. The lower the value the more sensitive the band.
StdDev (default = 1.6185) — standard deviation multiplier for volatility bands. It is not recommended to
change this parameter.
RSI_Price_Line (default = 2) — period of the first moving average (fast) of RSI.
RSI_Price_Type (default = Simple) — type of the first moving average of RSI.
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Trade_Signal_Line (default = 7) — period of the second moving average (slow) of RSI.
Trade_Signal_Type (default = Simple) — type of the second moving average of RSI.
Alerts
EnableNativeAlerts (default = false) — if true, then a native popup alert will be issued when any of the
alert conditions is met.
EnableEmailAlerts (default = false) — if true, alerts will be sent via email. Email should be properly
configured in MetaTrader via Tools->Options->Email.
EnablePushAlerts (default = false) — if true, alerts will be sent via push notifications to your mobile
device. Notifications should be properly configured in MetaTrader via Tools->Options->Notifications.
EnableArrowAlerts (default = false) — if true, then an arrow will be displayed on the chart upon an alert
condition triggering.
ArrowPrefix (default = "TDI-") — prefix for alert arrow chart objects for compatibility with other
indicators.
EnableRedYellowCrossAlert (default = true) — if true, then the alerts will be triggered when red and
yellow lines cross.
EnableHookAlert (default = false) — if true, then the four Alert options above will also enable alerts for
the green line crosses the blue one from above when both are above level 68 or when the green line
crosses the blue one from below when both are below level 32.
EnableGreenRedCrossAlert (default = false) — if true, then the alerts will be triggered when green and
red lines cross.
EnableYellowGreenCrossAlert (default = false) — if true, then the alerts will be triggered when yellow
and green lines cross.
TriggerCandle (default = Previous) — the candle to issue alerts on: Previous — the most recently
closed candle or Current — the yet unfinished candle.
Arrows
RedYellowCrossArrowBullishColor (default = clrGreen) — the color of the bullish arrows when red and
yellow lines cross.
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RedYellowCrossArrowBearishColor (default = clrRed) — the color of the bearish arrows when red and
yellow lines cross.
HookArrowBullishColor (default = clrGreen) — the color of the bullish arrows for hook alerts.
HookArrowBearishColor (default = clrRed) — the color of the bearish arrows for hook alerts.
GreenRedCrossArrowBullishColor (default = clrGreen) — the color of the bullish arrows when green
and red lines cross.
GreenRedCrossArrowBearishColor (default = clrRed) — the color of the bearish arrows when green
and red lines cross.
YellowGreenCrossArrowBullishColor (default = clrGreen) — the color of the bullish arrows when yellow
and green lines cross.
YellowGreenCrossArrowBearishColor (default = clrRed) — the color of the bearish arrows when yellow
and green lines cross.
RedYellowCrossArrowBullishCode (default = 233) — the code of the bullish arrows when red and
yellow lines cross.
RedYellowCrossArrowBearishCode (default = 234) — the code of the bearish arrows when red and
yellow lines cross.
HookArrowBullishCode (default = 71) — the code of the bullish arrows for hook alerts.
HookArrowBearishCode (default = 72) — the code of the bearish arrows for hook alerts.
GreenRedCrossArrowBullishCode (default = 200) — the code of the bullish arrows when green and red
lines cross.
GreenRedCrossArrowBearishCode (default = 201) — the code of the bearish arrows when green and
red lines cross.
YellowGreenCrossArrowBullishCode (default = 226) — the code of the bullish arrows when yellow and
green lines cross.
YellowGreenCrossArrowBearishCode (default = 225) — the code of the bearish arrows when yellow
and green lines cross.
ArrowSize (default = 1) — the size of arrows.
ArrowPrefix (default = "TDI-") — the name prefix for arrows.
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Example
At a first glance, Traders Dynamic Index is not too easy to use, but you will get accustomed to it:
For scalping, enter long when the green line is above the red line and enter short when the red line is
the above green line.
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For short-term trading, enter long when the green is above both the red and the yellow lines; enter
short when the red one is above both the green and the yellow ones.
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.
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.
Download (ver. 1.07, 2023-09-26)
MetaTrader 4
Traders Dynamic Index in .zip
Download
Traders Dynamic Index in .mq4
Download
MetaTrader 5
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Traders Dynamic Index in .zip
Download
Traders Dynamic Index in .mq5
Download
cTrader
Traders Dynamic Index in .zip
Download
Traders Dynamic Index in .cs
Download
Please note, cTrader version does not support alerts and MTF features.
Discussion
Warning!
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If you do not know how to install this indicator, please read the MetaTrader
Indicators Tutorial.
Do you have any suggestions or questions regarding this indicator? You can always discuss Traders
Dynamic Index with other traders and MQL programmers on the indicators forums.
Changelog
1.07 - 2023-09-26
Added input parameters to control arrow colors.
Added input parameters to control arrow codes.
Added an input parameter to control the size of the arrows.
Changed the indicator to display historical arrow alerts for better backtesting.
Fixed arrow positioning to be closer to the candles irrespective of timeframe and instrument.
cTrader version has been brought up to date and now supports MTF, alerts, and arrows.
1.06 - 2022-03-31
Fixed issues with multi-timeframe display.
1.05 - 2022-03-29
Added red/green line cross alert.
Added yellow/green line cross alert.
Added arrow alert type.
Added upper timeframe option to display indicator values from a longer period.
Added object name prefix for better compatibility with other indicators.
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1.04 - 2020-04-10
Added Hook alert for when the green line crosses the blue one from above when both are above level
68 or when the green line crosses the blue one from below when both are below level 32.
Added an option to choose whether alerts are triggered by the latest candle or by the latest closed
candle.
Added indicator minimum and maximum levels (0 and 100).
Improved calculation speed of MT5 version.
Fixed timeframe strings appearing in alerts in MT5 version.
1.03 - 2019-09-11
Fixed a bug that prevented alerts from triggering in MT5.
Improved alert system adding all four alert options (native, sound, email, and notifications).
1.02 - 2018-05-14
Fixed potential 'Array out of range' error in MT4.
1.01 - 2009-04-02
Added sound alerts.
1.00 - 2008-02-08
First release of Traders Dynamic Index.
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