06/10/2021 |
TrendSpider Software Update: RSI with Volatility Bands, Traders Dynamic Index
Hello everyone! Today we are back with yet another update from our development team. We are pleased to announce the addition of two new indicators to the platform: RSI with volatility bands and the Traders Dynamic Index.
RSI with Volatility Bands
TrendSpider’s new “RSI with Volatility Bands” indicator is simply your standard Relative Strength Indicator wrapped in Bollinger Bands. This indicator can be used to identify extremes in the RSI when it is pushed outside its trading period Bollinger Bands. To access this indicator, select the indicators button at the top of your chart window, then type in “RSI with Volatility Bands” into the search box. Upon selecting the indicator, you will be met with a variety of display format options, as well as controls for the Relative Strength and Bollinger Band indicators. When your desired settings are input, click apply and the indicator will be added to your chart!
Traders Dynamic Index
The Traders Dynamic Index (TDI) is a trend-following momentum indicator. The indicator is calculated using the RSI indicator, the RSI’s moving averages, and a set of volatility bands based on Bollinger Bands. To access this indicator, select the indicators button and type in “Traders Dynamic Index”. Upon selecting this indicator, you will be met with a variety of formatting options, as well as controls for the RSI, Bollinger Bands, and Moving Averages. When your desired settings are input, click apply and the indicator will be added to your chart!
