sylvester21 wrote: Fri Oct 06, 2023 1:32 am Hello Kvak and Mr Tools

An idea came to me, not sure if this can be coded. My suggestion is try replacing the RSI component in the TDI , with Relative Momentum Index (RMI).
Below are the snapshot in comparison between TDI Pro Real Time (using RSI) vs RMI vs RSI , all adjusted to period of 10. for comparison purpose.

As you can see, clearly, RMI yields a smoother result and less choppy. If the RMI is able to be coded into the TDI, I think it might be useful. Not by a huge margin, but it's something to filter out the choppiness in RSI.

Perhaps, a "guppy" RMI inside the TDI might help. For those traders that trade "Shark Fins" in TDI, I am very sure a Guppy RMI in TDI will show better sharkfins surfacing outside of the Volatility Bands. Instead of relying on 1 fixed RMI, guppy RMI can signal a true Sharkfin when the slow, medium and fast RMIs all rise outside the Volatility bands at the same time, signaling an almost confirmed trend change.

Another suggestion is the Baseline in TDI, instead of Simple MA, perhaps EMA or Mcginley Dynamic MA might be more useful.

ps: I don't have the RMI mq4 file. I only found the ex4 version here from fx station. perhaps some of you might have the mq4 file.

kvak wrote: Fri Oct 06, 2023 8:52 am I was working on a version with RMI but only finished it now.
I see that Mrtools has already made his version, but hopefully no one will mind if I add this one here too...

mrtools wrote: Fri Oct 06, 2023 4:10 am As a start this is a version using Rmi instead of Rsi. Not sure if the rsi version did this as well but very interesting looks like the bands slope may have been telling us there was about to be a bullish break before about a couple of days ago.

sylvester21 wrote: Fri Oct 06, 2023 1:32 am Hello Kvak and Mr Tools

An idea came to me, not sure if this can be coded. My suggestion is try replacing the RSI component in the TDI , with Relative Momentum Index (RMI).
Below are the snapshot in comparison between TDI Pro Real Time (using RSI) vs RMI vs RSI , all adjusted to period of 10. for comparison purpose.

As you can see, clearly, RMI yields a smoother result and less choppy. If the RMI is able to be coded into the TDI, I think it might be useful. Not by a huge margin, but it's something to filter out the choppiness in RSI.

Perhaps, a "guppy" RMI inside the TDI might help. For those traders that trade "Shark Fins" in TDI, I am very sure a Guppy RMI in TDI will show better sharkfins surfacing outside of the Volatility Bands. Instead of relying on 1 fixed RMI, guppy RMI can signal a true Sharkfin when the slow, medium and fast RMIs all rise outside the Volatility bands at the same time, signaling an almost confirmed trend change.

Another suggestion is the Baseline in TDI, instead of Simple MA, perhaps EMA or Mcginley Dynamic MA might be more useful.

ps: I don't have the RMI mq4 file. I only found the ex4 version here from fx station. perhaps some of you might have the mq4 file.

sylvester21 wrote: Fri Oct 06, 2023 1:31 pm Superb, will compare this with Mrtools tdi-rmi version.
May I suggest if you can code in "Guppy Rmi" into this TDI as well. The shark fins of the guppy Rmi in the TDI might be useful

kvak wrote: Sat Oct 07, 2023 10:34 am Is THIS what you want?

kvak wrote: Fri Oct 06, 2023 8:52 am TDI with RMI

I was working on a version with RMI but only finished it now.
I see that Mrtools has already made his version, but hopefully no one will mind if I add this one here too...

PS: For Mrtools's version with different options please see this post.

kvak wrote: Fri Feb 10, 2023 11:24 am TDI Lines Histogram with menu for Alerts + Overbought & Oversold Levels

Hello, I added menu for alerts, arrows for exit OBOS levels....

This TDI is based on TDI Histogram.