The Trend Direction Force Index (TDFI) is a versatile trading indicator that is based on a combination of technical analysis.
The TDFI indicator implements standard RSI indicator, which determines the strength of the current trend or, if desired, the rate of price change. The moving averages algorithm is used to smooth lines, and Bollinger bands are used to estimate the amplitude of oscillations.
It can thus show us the trend and volatility of the current market.
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