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Instrument: REA_TDFI

REA_TDFI

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Disclaimer

The graphic studies and any other indication generated by the software should not be considered as personalized investment advice or even as investment recommendations. The setups generated by the software search for market conditions developed on prices in the past and are useful for statistical purposes.

The software is not able to work autonomously and requires various inputs from the trader for pattern research, statistics processing and any other expected functionality.

Description

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 change in price. The moving averages algorithm is used to smooth the lines, and Bollinger bands are used to estimate the amplitude of the oscillations.

It can thus show us the trend and volatility of the current market.

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FREE

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