Name: TDI RT Clone Indicator V1.6 MT4 - Free Download
Availability: InStock

Description

Mastering Forex Trading with the TDI RT Clone Indicator V1.6 MT4

The TDI (Traders Dynamic Index) RT Clone Indicator V1.6 for MetaTrader 4 (MT4) is a powerful tool designed to help traders identify and capitalize on market trends. Combining elements of RSI, Moving Averages, and volatility bands, the TDI RT Clone Indicator provides a comprehensive view of market conditions, making it an essential addition to any trader’s toolkit. This indicator is especially popular among Forex traders due to its versatility and ability to generate reliable trading signals.

Recommended Settings

RSI Period: 13
Volatility Bands Period: 34
RSI Price Line: Simple Moving Average (SMA) with a period of 2
Signal Line: Simple Moving Average (SMA) with a period of 7
Volatility Bands: SMA with a period of 34, deviations set to 1.618

Key Features

Comprehensive Market Analysis: Combines RSI, Moving Averages, and volatility bands for a holistic market view.
Clear Trading Signals: Provides clear buy and sell signals based on the interaction of the RSI Price Line, Signal Line, and Volatility Bands.
Customizable Settings: Allows traders to adjust settings to fit their unique trading strategies.
User-Friendly Interface: Easy to install and use, even for beginner traders.
Versatility: Effective across various timeframes and currency pairs, making it suitable for different trading styles.

TDI Crossover Strategy

Timeframe: H1 (1-Hour) Currency Pairs: Major pairs (e.g., EUR/USD, GBP/USD, USD/JPY)
Identify Trend Direction: Use a higher timeframe (e.g., H4 or Daily) to determine the overall trend direction.
TDI Crossover Signal:
Buy Signal: When the RSI Price Line (green) crosses above the Signal Line (red) within the Volatility Bands, and the overall trend is up.
Sell Signal: When the RSI Price Line (green) crosses below the Signal Line (red) within the Volatility Bands, and the overall trend is down.
Confirm Signal: Ensure the crossover happens above the middle line of the Volatility Bands for buy signals and below the middle line for sell signals.
Set Stop Loss: Place the stop loss just below the most recent swing low for buy trades and above the most recent swing high for sell trades.
Take Profit: Aim for a risk-to-reward ratio of at least 1:2. Consider trailing the stop loss to lock in profits as the trade moves in your favor.