I wanted to share an idea I have had for some time regarding volatility adjusted indicators, in particular TDI. My idea is straightforward (I think) and not new, but in times of high volatility you can successfully increase indicator sensitivity to catch faster more aggressive movement whereas in times of low volatility a less sensitive indicator is looking for that all important breakout.

I started to mess around with a version of TDI called TDI-Clone-RT to see if I could dynamically update the length of the key indicators that make up the TDI. A couple of things regarding this. Firstly if I have posted work that in any way violates somebody's copyright or hard work, I sincerely apologise and if required will take the post off immediately. I do not want to take away from the hard work that other people do, just share an idea.

Secondly I am not a coder as you will undoubtedly see, I am not even sure if what I have done is working completely correctly, so please don't flame me for the mess I have attached. When I compare it to you competent coders out there, embarrassed is one word I would use and jealous is another

Basically what it attempts to do is take that last 50 bars, find the highest high/lowest low and (I think) load an array to dynamically adjust the signal line and tradesignal line that is finally produced.

I have compared it's output to that of TDI_RSX_Volatility indi which has an interesting comparison. See below, TDI-RT-Clone6 is the Frankenstein's monster that I have created.
Clearly there are some positives and negatives when you compare the two, but either way it improves over the standard TDI's that I have worked with that can get a bit 'choppy', unlike of course TDI_RSX which is clearly much more sophisticated.

I have attached the mq4, again if this is wrong please let me know and I will remove immediately.

I think this warrants some further development and work but you will absolutely see I am at the limits of my coding ability (if you can call it that). So if the community feels we can work on this further; I am putting the idea out there.