TDI Fibonacci Volatility Bands Candle Coloring [cryptalent]

"This is an advanced Traders Dynamic Index (TDI) candle coloring system, designed for traders seeking precise dynamic analysis. Unlike traditional TDI, which typically relies on a 50 midline with a single standard deviation band (±1 SD), this indicator innovatively incorporates Fibonacci golden ratio multiples (1.618, 2.618, 3.618 times standard deviation) to create multi-layered dynamic bands. It precisely divides the RSI fast line (green line) position into five distinct strength zones, instantly reflecting them on the candle colors, allowing you to grasp market sentiment in real-time without switching to a sub-chart.

Core Calculation Logic:

• RSI Period (default 20), Band Length (default 50), and Fast MA Smoothing Period (default 1) are all adjustable.
  

• The midline is the Simple Moving Average (SMA) of RSI, with upper and lower bands calculated by multiplying Fibonacci multiples with Standard Deviation (STDEV), generating three dynamic band sets: 1.618, 2.618, and 3.618.
  

Traders can quickly identify the following scenarios:

• Extreme Overbought Zone (Strong Bullish, Red): Fast line exceeds custom threshold (default 82) and breaks above the specified band (default 2.618). This often signals overheating, potentially a profit-taking point or reversal short entry, especially at trend tops.
  

• Extreme Oversold Zone (Strong Bearish, Green): Fast line drops below custom threshold (default 28) and breaks below the specified band (default 2.618). This is a potential strong rebound starting point, ideal for bottom-fishing or long entries.
  

• Medium Bullish Zone (Yellow): Fast line surpasses medium threshold (default 66) and stands above the specified band (default 1.618), indicating bullish dominance in trend continuation.
  

• Medium Bearish Zone (Orange): Fast line falls below medium threshold (default 33) and breaks below the specified band (default 1.618), signaling bearish control in segment transitions.
  

• Neutral Zone (No Color Change): Fast line within custom upper and lower limits (default 34~65), retaining original candle colors to avoid noise interference during consolidation.
  

Color priority logic flows from strong to weak (Extreme > Medium > Neutral), ensuring no conflicts. All parameters are highly customizable, including thresholds, band selections (1.618/2.618/3.618/Midline/None), color schemes, and even optional semi-transparent background coloring (default off, transparency 90%) for enhanced visual layering.

Applicable Scenarios:

• Intraday Trading: Capture extreme color shifts as entry/exit signals.
  

• Swing Trading: Use medium colors to confirm trend extensions.
  

• Long-Term Trend Following: Filter noise in neutral zones to focus on major trends.
  
  
• Supports various markets like forex, stocks, and cryptocurrencies. After installation, adjust parameters in settings to match your strategy, and combine with other indicators like moving averages or support/resistance for improved accuracy.
  

If you're a TDI enthusiast, this will make your trading more intuitive and efficient!