OPEN-SOURCE SCRIPT
TDI - (Crossover Visual Upgrade)
TDI - (Crossover Visual Upgrade) - Enhanced Momentum Tracking
This script is an optimized version of the classic Traders Dynamic Index (TDI). While keeping the original calculation logic, I have introduced visual enhancements and alert features to help traders react faster to market momentum changes.
Why this version is useful:
The original TDI can sometimes be difficult to read during fast-moving markets. This version features a dynamic RSI line that changes color based on its position relative to the Bollinger Band midline. This allows traders to instantly spot trend reversals and crossovers without needing to squint at the screen.
Key Features:
Dynamic Color-Coding: The Fast MA line automatically shifts color when crossing the Bollinger Band midline, providing an immediate visual cue for potential entry or exit points.
Smart Alert System: Integrated alerts for bullish and bearish crossovers, ensuring you never miss a critical setup.
On-Chart Labeling: Option to display crossover labels directly on the main chart for better price-action context (with customizable settings).
Configurable Limits: Adjustable label history to keep your chart clean.
How to use:
Add the indicator to your chart.
The RSI line will turn green when above the midline and red when below, signaling the immediate momentum bias.
Configure alerts via the standard TradingView "Alert" menu by selecting the crossover conditions.
Credits:
This script is based on the original Traders Dynamic Index logic by LazyBear.
Author's Note:
I developed this version of the TDI to improve visual clarity because I personally trade at a fast pace. I wanted to eliminate the need to spend extra time and mental energy double-checking whether the RSI has crossed the Bollinger Band midline.
Since I built this for my own workflow, I decided to share it with the community in case others are facing the same issue. Big thanks to Gemini for helping me craft this description. I hope you find this indicator useful for your trading!
This script is an optimized version of the classic Traders Dynamic Index (TDI). While keeping the original calculation logic, I have introduced visual enhancements and alert features to help traders react faster to market momentum changes.
Why this version is useful:
The original TDI can sometimes be difficult to read during fast-moving markets. This version features a dynamic RSI line that changes color based on its position relative to the Bollinger Band midline. This allows traders to instantly spot trend reversals and crossovers without needing to squint at the screen.
Key Features:
Dynamic Color-Coding: The Fast MA line automatically shifts color when crossing the Bollinger Band midline, providing an immediate visual cue for potential entry or exit points.
Smart Alert System: Integrated alerts for bullish and bearish crossovers, ensuring you never miss a critical setup.
On-Chart Labeling: Option to display crossover labels directly on the main chart for better price-action context (with customizable settings).
Configurable Limits: Adjustable label history to keep your chart clean.
How to use:
Add the indicator to your chart.
The RSI line will turn green when above the midline and red when below, signaling the immediate momentum bias.
Configure alerts via the standard TradingView "Alert" menu by selecting the crossover conditions.
Credits:
This script is based on the original Traders Dynamic Index logic by LazyBear.
Author's Note:
I developed this version of the TDI to improve visual clarity because I personally trade at a fast pace. I wanted to eliminate the need to spend extra time and mental energy double-checking whether the RSI has crossed the Bollinger Band midline.
Since I built this for my own workflow, I decided to share it with the community in case others are facing the same issue. Big thanks to Gemini for helping me craft this description. I hope you find this indicator useful for your trading!
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.