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MACD TDI V2.6 Indicator (MT4/MT5)
Overview
This indicator implements the logic behind Traders Dynamic Index to the classic MACD Indicator. It helps to find powerful trende changes and ignore meaningless ones. It is simply the classic MACD indicator plotted with volatility bands on top designed with the sole purpose of being able to ignore trend changes that do not follow an over-extension or over-contraction of the market. The indicator alerts on trend changes after the volatility bands have been breached and implements alerts of all kinds. The components of the indicator are the following:
The blue line is the main line
The red line is the signal line
The oscillator is the OSMA to see the trend more clearly
The bands are relative oversold and overbought levels
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