Abiroid TDI Cross Multimeter

Abiroid TDI Cross Multimeter

This multimeter is a smaller version of the full scanner here:

https://www.mql5.com/en/market/product/123072

This multimeter is for people interested in TDI Line Crossings. And who only use a single currency symbol/pair with multiple timeframes.

If you want multiple currencies, then please look into the scanner.

It is for showing Cross of various TDI elements: PriceLine, Trade Signal Line and Market Base Line

And for getting alerts, so you can be prepared for finding good trade setups before they happen.

It also shows TDI signals, trend, volatility and different timeframe alignment.

Detailed blog post:

https://www.mql5.com/en/blogs/post/759050

Features:

• Show TDI Signal and Trend
• Show Volatility & Overbought/Oversold
• Show cross between:
  • PriceLine & TSL
  • PriceLine & MBL
  • MBL & TSL
  • PriceLine and Upper/Lower VBands
• Alerts for alignment between multiple timeframes

This indicator is mainly focused on TDI Lines and is very Alert based.

All TDI lines and where they are at with respect to each other. And alerts for when they cross.

But if you are interested in more TDI features like: Buy/Sell Signal/Trend, Previous Daily/Weekly High/Low, Sharkfins etc then check out this other TDI Scanner:

https://www.mql5.com/en/market/product/41826

It's blog post:

https://www.mql5.com/en/blogs/post/758252

And purchase only after fully understanding all features and differences :)

Using PL, TSL and MBL, it calculates the TDI Signal (Buy or Sell) and TDI Trend (Up or Down).

And the strength of the trend and signal: Strong, Medium or Weak.

Settings:

Common scanner settings:

https://www.mql5.com/en/blogs/post/747456

Click on title to minimize and maximize the scanner.

Price Line, TSL and MBL are calculated using these settings:

Symbols Show/Hide on Scanner:

You can select which symbols you need on chart. If you need a compact view, then just keep Signal, Trend, Volatility and OB/OS on.

If you are more interested in TDI Lines crossing and their current state, then keep the remaining true.

Alerts:

Turn alerts on/off for: Signals, Trend, PL->MBL, PL->TSL, TSL->MBL cross, and PL->Vbands cross.

You can see these lines in the indicator “TDI Alerts_v4.ex4”

PL = PriceLine (Green), TSL = Trade Signal Line (Red), MBL = Market Base Line (Yellow), VB = Volatility Bands (Blue)

All alerts are ignored if “Ignore Alerts on Consolidation” is true and VBands are close together indicating consolidation.

VBands alerts will be merged with volatility strength and not with the remaining lines. To prevent very long alerts.

Select any 1 line: RSI-PL or MBL or TSL for checking Overbought/Oversold levels crossed

When selected line crosses an OB or OS level, you’ll get alerts:

OB/OS Alerts will be merged for a particular pair.

E.g: When price is a strong SELL, and when MBL has crossed into an Overbought level, it means that sell signal is much stronger.

Then, wait for a high volume bar reversal.

You can have multiple scanners on same chart using different unique prefixes. If you need multiple OB/OS line checks.

MultiTimeframe Alignment:

You can specify 2 timeframe lists. And it will check if TDI Signals are aligned or TDI Trends are aligned or not.

e.g: Suppose List1 has M5,M15,H1. And Alert on Trend Align Strong is true. Then it will alert if all 3 timeframes have a strong Up or strong Down signal

List1 and List2 checks are done separately. Meaning it won’t check List1 trend alignment against List2.

Since these lists are not based on scanners visible timeframes, there are no symbols for alignment on scanner. Only alerts.

Colors:

You can set custom colors if you like. The default ones are pretty intuitive. Lighter and brighter colors are more visible and indicate strong signals/trends.

Medium colors indicate medium signals. And darker colors indicate Weak signals/trends.