TDI - Traders Dynamic Index [Goldminds]
Published just for Goldminds members .
//
// @author LazyBear
// If you use this code in its orignal/modified form, do drop me a note.
//
// Modified by Bromley
study("TDI - Traders Dynamic Index [Goldminds]", shorttitle="TDIGM")
rsiPeriod = input(11, minval = 1, title = "RSI Period")
bandLength = input(31, minval = 1, title = "Band Length")
lengthrsipl = input(1, minval = 0, title = "Fast MA on RSI")
lengthtradesl = input(9, minval = 1, title = "Slow MA on RSI")
src = close // Source of Calculations (Close of Bar)
r = rsi(src, rsiPeriod) // RSI of Close
ma = sma(r, bandLength) // Moving Average of RSI [current]
offs = (1.6185 * stdev(r, bandLength)) // Offset
up = ma + offs // Upper Bands
dn = ma - offs // Lower Bands
mid = (up + dn) / 2 // Average of Upper and Lower Bands
fastMA = sma(r, lengthrsipl) // Moving Average of RSI 2 bars back
slowMA = sma(r, lengthtradesl) // Moving Average of RSI 7 bars back
hline(30) // Oversold
hline(50) // Midline
hline(70) // Overbought
upl = plot(up, "Upper Band", color = blue) // Upper Band
dnl = plot(dn, "Lower Band", color = blue) // Lower Band
midl = plot(mid, "Middle of Bands", color = orange, linewidth = 2) // Middle of Bands
plot(slowMA, "Slow MA", color=green, linewidth=2) // Plot Slow MA
plot(fastMA, "Fast MA", color=red, linewidth=2) // Plot Fast MA
fill(upl, midl, red, transp=90) // Fill Upper Half Red
fill(midl, dnl, green, transp=90) // Fill Lower Half Green