Traders Dynamic Index (TDI)

The Traders Dynamic Index is a trend following momentum indicator based on the RSI. It was developed and presented by Dean Malone.

Indicator Description

The Traders Dynamic Index comes with the following parameters:

  • The Priceline, which is a SMA(2) of RSI(13)
  • The Signalline, which is a SMA(7) of RSI (13)
  • The Midband, which is a SMA(34) of RSI (13)
  • The BollingerBands around the SMA(34) using 1.62 StdDev

The following combinations may be considered as trade rules:
– go long, if Priceline > 50
– go short if Priceline < 50
– consider an exit, if Priceline is above 68 or below 32

– go long if Priceline > Signalline
– go short if Priceline < Signalline
– exit if Priceline crosses Signalline

– trendfilter long, when Priceline > Midband
– trendfilter short, when Priceline < Midband

– add to long, when Priceline > BollingerBand.Upper
– add to short, when Priceline < BollingerBand.Lower

Detailed rules how to use the Traders Dynamic Index were published by Dean Malone within the framework of the E.A.S.Y. trading method.

The indicator is available for NinjaTrader 8.