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Delorean TDI - Traders Dynamic Index

已更新

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

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Included Highly Sold (30) and Highly Bought (70) metric

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Included Highly Sold (30) and Highly Overbought (70) metric, correcting screenshot from previous update.

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Updating screenshot.

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Corrected mislabeled variable names

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Updated Chart Screenshot