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Posted on Jun 18, 2020 at 05:05 PM
At the just concluded Forex Traders’ Forum, we discussed how to use TDI to trade Reversals. Here's a short recap and a guide on how to use the TDI
Let’s begin with understanding what TDI is and why it is one of the best indicators for trading reversals.
The TDI is fully expressed as the Traders' Dynamic Index and unlike other indicators, it combines several indicators to give you a full picture on market volatility, momentum and average.
While measuring Volatility will help you choose moving pairs, momentum will help you to enter when the action is about to happen and the averages will help you choose your entry and help you decide on how many pips to aim at.
Bearing that in mind, let's now see the indicator that makes up the TDI, how to set up manually and how to use them to spot reversal quickly in this guide.
Step 1: What makes up the TDI?
Step 2: When all parameters have been correctly set, what next?
You need to know what each of these indicators does and how to apply and interpret them.
Step 3: Now that you can set up the index and you know what each of the indicators measure, how can you spot buy and sell signals using the TDI?
Take Note: While the yellow line shows you the trend, always check out if the green and red lines have closed below the yellow line before you make your final decisions. Let's take an example in the illustration below:
And that is how easy it is to use the Traders' Dynamic Index (TDI)!
Wondering if TDI will work for your style of trading? Here are a few tips to get you started.
Key Take away:
Every time we teach our traders TDI, we always get outstanding testimonials and here's one you should see!
"O Yes! TDI has given me a wonderful experience in the forex market, to me I will say TDI is a welcome development in the entire forex trading career. Its give me peace of mind and confidence in the market
Have you got further questions on how to use or install the TDI? Leave them in the comment section below and we will be sure to attend to them swiftly!