Referencing from Traders Dynamic Index — MetaTrader Indicator (earnforex.com)
Existing filter:
- Market Base Line >= Signal Level
Suggest to add the following:
- RSI Smoothing > Signal Level && RSI Smoothing > Market Base Line
- Signal Level > RSI Smoothing && Signal Level > Market Baseline
Cheers
Hello, I've tried the RSI MA cross but to be honest it has not yielded good results.
I am supporting the idea of adding more TDI signal filters as listed below;
1. Signal line crosses Red line in the oversold or overbought zone
2. Red line crosses Market Baseline
3. Market Baseline crosses level 32 (oversold) or level 68 (overbought)
Hello, I've tried the RSI MA cross but to be honest it has not yielded good results.
I am supporting the idea of adding more TDI signal filters as listed below;
1. Signal line crosses Red line in the oversold or overbought zone
2. Red line crosses Market Baseline
3. Market Baseline crosses level 32 (oversold) or level 68 (overbought)
Joseph,
1. Your first signal is exact the same as I recommend you earlier:
Little difference can be because Signal line is not RSI, but MA(2) based on RSI.
But this difference is really very small.
2. Market Baseline is MA(34) based on RSI.
So, we can't make the same signal with current Oscillator filter at the moment (MA(7) crosses MA(34)), but I not sure we really need it.
3. I think I can add only one thing — additional smoothing for Oscillator indicator.
This way you'll be able to use the exact "Market Baseline crosses level" signal as well as the exact "Signal line crosses Red line" signal.
There are no magic in TDI, it is just smoothed RSI.
So, let's rename this topic to "Additional smoothing to the Oscillators filter and will implement it.
TDI is just one more time smoothed RSI..
You can use Oscillator filter based on RSI and "Cross MA" mode — signal will be generated when RSI crosses MA based on RSI below/above the signal level.
Please, try it and let me know if you still want to improve TDI.
Thanks!