THE AV BREAKERTHE SHARKFIN
The AV Breaker uses a TDI to define sharkfins. You can set it up so it only
alert sharkfins at a specific level. Like 70/30 above/below. Or at anytime
it sharkfin the upper/lower band (Not using any level criteria.)
THE BREAKER
A breaker happens when an order block is taken out after a sharkfin setup.
This gives a HIGH probabillity reversal signal. If used with your own
higher Timeframe strategy.
THE ALERTS
The AV Breaker has built in Alert Function. You can however tell The AV breaker
what hours you want to see the alerts. You can also color the chart with a click
of a button during your alert hours session.
The Alert Session Plotted on Chart uses New York Time.
Settings:
- Time Session (Between what hours you want alert to be active)
- Highlight Session Range If you want chart to color selected "Time Sessiion Hours"
- Number of candles in The Order Block (Set your requirement for an Order Block)
TDI Settings: (The TDI do not need to be added to chart, but can be handy visually to add)
- TDI Low Level: 30 Default
- TDI High Level: 70 Default
- Use High/Low TDI Levels (If sharkfin has to be created above/below choosen TDI Level)
-- (Plus you can set any number on The TDI (Bands, RSI, MA's etc) --
How to use:
How you use it is up to you. However upon signal of The Breaker it can be good to wait
for a pullback to breaking opposite candle, or use a simple ABC 50% Fibs or similar.
Tdindicator
TDI - Traders Dynamic Index [CryptosScrooge]Hello everyone ,
TDI as we all know is "Trader dynamic index" , developed by Dan Malone. This indicator is widely used in Market maker trading strategy . I have seen many variant of this script with different settings but in my indicator the settings are as per Market maker guidelines , so those who are using BTMM strategy can directly apply this on there chart and start trading . Those who don't trade BTMM but use TDI can alter there default setting form the menu and use as per there strategies.
One of the way in which i use it is , i use to find divergences at supply or demand preferably and then when price close below Market base line (Yellow) it gives me confirmation that trend is now shifted and then i will take my Buy or Sell trades .
I hope this indicator would be useful for you.
Peace!!.
TDI - Traders Dynamic Index by Mike ValAdvanced custom stylised TDI indicator.
Has radio buttons (check box) for
- showing BB
- filling BB area
- showing MA of TDI
- colour filling between TDI & zero line, above & below 0 line, in alternating colour
The filling of TDI, above & below the 0 line, gives better visuals to the indicator.
Trend Detector IndicatorTrend Detector Indicator
Class : trend oscillator/average analysis
Trading type : trading in trend
Time frame : 1 day
Purpose : trend detection
Level of aggressiveness : conservative
The key problem of trend following trading is danger of entering into position at extreme points of the trend with further trend reverse. Plus in any case it is very important to understand the phase of the trend cycle to be effective and successful trader.
Each trend can be divided into several phases: start of the trend, active development, consolidation phase, end of the trend. Obviously the most interesting phases for trading in trend are start and active development of the trend. At these phases risk of unsuccessful trading in trend direction is minimal, but profit opportunities are maximal. Still as a rule it is quite hard to detect the start of the trend. As the result probability of false signals is rather high.
Indicator «Trend Detector Indicator» is developed to identify the active phases of the trend cycle and helps to avoid trading at the end of the trend.
Using unique algorithm Indicator “TDI” allows to identify moments in price dynamics which are the most appropriate for trading in trend.
Structure of the indicator
Indicator consists of the TDI line and special colored zones:
- TDI line (multi-colored line in the indicator window) – is used to divide phases of the trend cycle, different colors signal about current type of price dynamics (blue color – uptrend, red color – downtrend, green – flat);
- Colored zones (blue, yellow and red colors depending on type of the signal) – are used for color indication of the trend cycle phases. Blue color means that trend is in active phase. Yellow warns about possible transition of the trend to the extinction. Entering the red zone is a signal of possible break of a trend.
Input parameters of the indicator
To set up the indicator a number of input parameters are used:
- Average period – averaging period. Responsible for the data filtration (by default = 13). The bigger the period is the less quantity of the signals would be, but the higher their quality is expected. Decrease of this parameter allows to increase the aggressiveness of the trading and the number of generated signals, but potentially this can decrease the quality of the signals
- Correlation period – period which is used in correlation analysis to calculate the correlation moment (by default = 21).
Rules of trading
Entering of the TDI line into blue zone and being there is a signal for active trading in current price direction. The direction of the tendency is indicated by the color of the TDI line: blue color – uptrend and “buy” signal, red color – downtrend and “sell” signal, green – flat, that means there is no dominating tendency and trading in trend should be postponed.
Since the basis for the trades are trend signals, their closing with profits or stops should be done when these signals lost relevance. So stop-loss and take-profit parameters are not provided. Such approach allows to avoid profit limitation by a certain number of points and to extract maximum from the active phase of the trend cycle, which is not limited in theory.
Change of the TDI line color in blue zone is a signal to close current long positions. Exit of the TDI line from blue zone is a signal to close current trend positions.
