Traders Dynamic Index - RSI with signal, bands and market base line (MT4)

Traders Dynamic Index (TDI) fuses RSI momentum, a signal line, volatility bands and the Market Base Line into one pane. It helps time pullbacks, confirm breakouts and filter chop vs trend on MetaTrader 4.

What it shows

• RSI Price Line (PL): fast RSI of price for momentum.
• Signal Line (SL): smoothed PL for crosses and noise control.
• Volatility Bands (VB): Bollinger Bands on RSI to judge expansion and extremes.
• Market Base Line (MBL): slow bias line to separate risk-on vs risk-off phases.

Trade ideas

1. Trend pullback: enter when PL bounces above MBL and crosses SL up in an uptrend. Mirror for shorts.
2. Breakout validation: require PL to ride outside VB while MBL slopes with the move.
3. Mean reversion: fade only when PL snaps back inside VB after an extreme near structure.
4. Multi TF: use higher TF MBL as bias and execute on lower TF crosses.

Inputs that matter

• RSI period for PL, signal smoothing, MBL length.
• Band deviation for VB expansion sensitivity.
• Levels 32 50 68 to frame bias.
• Alerts for PL x SL, PL x MBL and VB breaks.

Suggested usage

• M5-M15: intraday timing and exit control.
• M30-H4: swing continuation and exhaustion checks.
• Daily+: regime bias and risk trimming.

Installation (MT4)

1. Open MetaTrader 4 - File - Open Data Folder.
2. Copy TDI.ex4 to MQL4/Indicators.
3. Restart MT4 or refresh Navigator and attach TDI.
4. Adjust inputs - OK.

FAQ

Does it repaint? No on closed bars.
What symbols? Any supported by MT.
Use in EAs? Yes, via iCustom.

Disclaimer: Always test on a demo first - risk management matters.