The Traders Dynamic Index (TDI) is a popular and free MT5 forex indicator that is useful in determining market trends and volatility. It is based on the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and the Bollinger Bands (BB) all combined into one indicator. The TDI indicator is composed of two lines, the green line which is the buy/sell signal line and the red line which is the market trend line. The green line is calculated by taking the RSI and MACD values and subtracting the two. The red line is calculated by taking the Bollinger Bands and subtracting the two. When the green line crosses above the red line, it indicates that the market is in an uptrend. When the green line crosses below the red line, it indicates that the market is in a downtrend. The TDI indicator is a popular and free MT5 forex indicator that is used by many traders due to its ability to identify market trends and volatility.
Traders Dynamic Index
The Traders Dynamic Index (TDI) Indicator for MT5 is a popular and free Forex indicator that is useful for traders of all levels. The TDI Indicator for MT5 helps traders identify market trends, spot potential entry and exit points, and helps them make more informed trading decisions. With its advanced features, it is a great tool for traders who are looking to maximize their profits.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.