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Traders Dynamic Index — MetaTrader Indicator

February 8, 2008 (Last updated on December 4, 2009)

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):

  1. Blue bands show a strength of the trend — the wider they are, the stronger is the trend.
  2. 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.
  3. 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.

20 Responses to “Traders Dynamic Index — MetaTrader Indicator”

  1. Scott

    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.

    Reply

  2. Femi Adebolu

    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.

    Reply

  3. Andrei

    Please, learn to use search, before asking questions:
    MetaTrader Indicators’ Tutorial

    Reply

  4. Duncan

    YES, it would be nice to have the code of the Traders Dynamic Index.

    Is it possible to post it on this blog?

    Reply

  5. Andrei

    Duncan.

    Actually, the code is available here:
    http://www.earnforex.com/mt4_forex_indicators/TradersDynamicIndex.mq4

    Reply

  6. Duncan

    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

    Reply

  7. Duncan

    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

    Reply

  8. Andrei

    Duncan.

    What error messages do you get when you try to compile it? I have no problems compiling that code…

    Reply

  9. Andrei

    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.

    Reply

  10. Justin

    I am looking for the decompiled version (mq4) of the DYNAMIC Support & Resistance tool from compassfx. Can some one please post if free here.

    Reply

  11. Tom

    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.

    Reply

  12. jasonzhu54

    thank you . very exciting. is what I want.

    Reply

  13. christiaan

    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

    Reply

    admin Reply:

    Sorry, but what manual do you mean?

    Reply

  14. goldys

    Hi
    i get tdi alerts in my mobile. Market hours off. the screen display of visual alert in red to green colors are correct ie weak, strong,caution buy or sell with tdi trend up or down. But the msg alert ( popping small alert box) seen on screen comes always as STRONG BUY. Similarly the sms i get of this alert is always same as in popping alert box. so the msg alert and visual alert are contradictory, and i fail to place any trade….

    i hv not changed anything in the code .

    Is it becoz iam running TDI during off market hours or there is something wrong with the code itself , generating wrong message alert and sms alerts ( with correct visual alerts) ?.

    Can the moderator guide me…
    goldys

    Reply

    admin Reply:

    What version of TDI are you using?

    Reply

  15. Goldys

    Sir
    Iam using Version 2. Completed by Tim Hyder 2008 |
    //| a) Complete Code rewrite |
    //| b) Added Entry / Exit Signal Arrows Option |
    //| b) Added Audio, Visual and eMail alerts

    rgds

    Reply

    admin Reply:

    Sorry, I don’t know anything about that version.

    Reply

  16. michal

    Hi! is there mq5 version of this indicator ? would appreciate

    Reply

    admin Reply:

    Unfortunately, there is no MQL5 version of this indicator. At least I do not possess one.

    Reply

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