friend4you wrote: Thu Mar 01, 2018 3:37 am
That looks interesting, how do you use the new tdi posted above? I prefer bands instead of dynamic zones, because they react faster and smoother. It is different from your template with the most indicators. Can you post your actual version again? All TDI just work in direction of short ma.
Tsar, thx, but you have no newer template since 1 month and that on post 1?
What are your trading rules to enter and exit?
you are right bands are better then dynamic zones due to their faster reactivity. your bands on tdi serves its purpose well.
tdi reacts and works well with short term averages especially used with step one more average, as step one more average 2.3 is kind of 14 sma made more adaptive to price atr ranges i suppose(that is why it matches with center line of your tighter atr bands smoothly), and 13 and 20 ema are crucial for deciding short term trend, this average is a nice one to use, this average is matching well with signal line of macd but being adaptive it filters out whipsaws of macd well in trending markets.
this different templet is for multitimeframe assessment, i also use step one more average 2.3 in mtf mode of corresponding mtf cloud , confluence of lower border of that cloud and step one more average of that mtf is where support lies in case of trend break of immediate lower timeframe settings in multiplication of 4 on timeframes--(for example 50 ema of 1 hr timeframe=13 ema on 4 hr timeframe, 50 ema on 4hr time frame= 13 ema on d1, 50 ema on d1 = 13 ema on weekly timeframe, 50 ema on weekly timeframe= 13 ema on monthly timeframe)( on this basis putting step one more average 2.3 considering it matching as with 13ema is workable in its mtf mode with mtf cloud borders )
htf templet is what i use for that assessment as i do not trade on time frames that are there on ltf templet, but have prepared ltf templet for those who trade on that time frames. else the older version is still there as is .
as you are quite accoustomed to tdi , it is good.
i find one advantage of using tdi with macd is that i can track 50 ema(medium term trend) with macd well. centerline of macd does that tracking. it is when both macd line touches center line that is when equillibrium point with 50 ema is reached and again further price action in direction of medium term trend starts.
you will not find more oscillators in my system except stlm histogram that i use as oscillator too, for the simple reason that i have made money in trending market than in sideways market. so i try to avoid sideways markets all together. stlm histogram if you compare with any oscillator will peak out in line with other oscillators getting overbought. except in strong trending markets when all oscillators too will remain in overbought territory for a while.