I published a new complex MetaTrader indicator on the site today — it’s called Traders Dynamic Index. It has almost everything the Forex trader needs: trend direction indicator, trend strength indicator and the market volatility measurement tool. But despite these cool features it is very simple to use. This indicator was sent to me by one of the site’s visitors, but it most probably originates from www.compassfx.com.
Here’s a quick guide to using this indicator (I recommend reading the full guide in its code’s commentary):
- Blue bands show a strength of the trend — the wider they are, the stronger is the trend.
- Yellow line indicates the trend’s direction change — when it bounces of 32 level, trend goes bullish, when it bounces down from 68 level, trend goes bearish.
- Green and red lines signal for the long position — if the green one intersects the red one from below, and — for short position, when the red one crosses the green line from below.
February 9th, 2008 at 6:35 pm
The Traders Dynamic Index as well as the entire Synergy Method can be downloaded for free from CompassFX at http://www.compassfx.com There are also videos on how to use the indicators.
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February 12th, 2008 at 9:36 am
Sir,
I have downloaded the Traders Dynamic Index, but it did not show on my MT4 Charts. I would be grateful if you could show me the way round it. A step-by-step approach will definetely help.
Many thanks.
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February 12th, 2008 at 9:39 am
Please, learn to use search, before asking questions:
MetaTrader Indicators’ Tutorial
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May 28th, 2008 at 11:33 am
YES, it would be nice to have the code of the Traders Dynamic Index.
Is it possible to post it on this blog?
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May 28th, 2008 at 12:49 pm
Duncan.
Actually, the code is available here:
http://www.earnforex.com/mt4_forex_indicators/TradersDynamicIndex.mq4
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May 30th, 2008 at 4:02 pm
Hello Andrei
Sorry, but I cannot compile the code of the Dynamic Trader Index available at:
http://www.earnforex.com/mt4_forex_indicators/TradersDynamicIndex.mq4
Please, check it!!
Regards
Duncan
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May 30th, 2008 at 4:06 pm
Sorry, I can compile it now. BUT if you download the latest version of the Dynamic Trader Index, you will see that there two indicators are not the same. The latest version is BETTER (more smooth and precise).
It would be nice to find & use the latest code.
Regards
Duncan
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May 30th, 2008 at 4:07 pm
Duncan.
What error messages do you get when you try to compile it? I have no problems compiling that code…
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May 30th, 2008 at 4:22 pm
Duncan.
I don’t know about improved version, but the only other version I know is the same indicator, but with visual signals added. You can download it here.
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October 22nd, 2008 at 9:43 am
I am looking for the decompiled version (mq4) of the DYNAMIC Support & Resistance tool from compassfx. Can some one please post if free here.
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January 2nd, 2009 at 11:25 pm
I am told that the Traders Dynamic Index was not written by Compass FX, but you know how reliable any word-of-mouth info is.
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December 31st, 2009 at 9:38 am
thank you . very exciting. is what I want.
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January 12th, 2012 at 7:23 am
I’m confused.IN the manual it says the following
Avoid entering a Long trade when RSI PL > the upper Volatility Band, > 50, and > 68.
Now does this mean to not take any trades when the rsi line is above the blue volatilty bands?And what does > 50 and > 68 mean exatcly
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admin Reply:
January 12th, 2012 at 9:44 am
Sorry, but what manual do you mean?
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