Traders Dynamic Index Indicator
The Traders Dynamic Index (TDI) oscillator uses RSI calculations and volatility bands to identify trend direction, market strength, and volatility. The green RSI line crossing above the red signal line indicates a bullish market, while crossing below suggests a bearish market. The market base line, ideally traded within overbought/oversold levels, signals potential trend changes when nearing the borders. Expanding volatility bands indicate active markets, while narrowing bands suggest consolidation and a possible price spike. The indicator is customizable through 11 parameters including RSI periods, smoothing methods, and overbought/oversold levels.