This tool simplifies the general rules of a strategy based on Traders Dynamic Index to my best ability.
The trader must only enter at the most reasonable place, such as when the signal says to buy or sell but it really means a retracement has formed in the view of the trader, for entry into opposite direction.
For example, using KK_TDI_BH, to see oversold or...
This is an adaptation of Elder's Impulse System.
In Elder's Impulse System, he makes use of a MACD and an Exponential Moving Average (EMA) as censors in his buy or sell decisions. If both the direction of the MACD-Histogram and the EMA's slopes are upward, the censor gives him the permission to buy. If both of their...
I found that I was always using the RSI and Stoch RSI in combination with each other and I started to merge them.
But I found that it was getting annoying having to merge them every time I opened them up on the screen
I also used a horizontal line at 50 to show the mid point as many traders do but again it was something I had to add every time I opened up the...
Volume substitute for those who prefer to use the XBT ticker. Renko on a small time scale is a good option, but lacks wicks.
Can be used as a non-overlay indicator by detaching. Differences are more visible on large time scales, or on Renko.
Possible future changes:
Make the columns more volatile
Change column color based on previous column's value