TDI-With_Alerts - Indicator for MetaTrader 4
A hybrid indicator that helps traders to determine the direction and strength of the trend, market volatility and the overall market situation - all at the same time. The graph is presented in the form of several color lines:
- green - the RSI line;
- red - the signal line;
- blue - the line of volatility;
- yellow - the basic line of price movement.
If the green line is above red, this is a signal for opening a long position, short positions should be opened when the red line is located above the green.