Didi Index Buy Sell Metatrader 4 Forex Indicator
The Didi Index Buy Sell Metatrader 4 Forex Indicator provides accurate trend trading signals for any currency pair and time frame.
The Didi indicator looks and works similar to the DMI (Directional Movement Indicator) technical indicator, invented by J. Wells Wilder.
The Didi crossing lines provide you with the buy and sell entry signals. It’s a typical crossover trading system.
The indicator is composed of 3 moving averages with different periods. The 3 MA periods can be adjusted from the indicator’s inputs menu.
- A buy signal occurs when the blue Didi line crosses above the red line from below. The trend is now bullish.
- A sell signal occurs when the blue Didi line crosses below the red line from above. The trend is now bearish.
- Works for scalping, day trading and swing trading currency pairs and other trading instruments.
Feel free to explore the Didi Index Buy Sell Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (EUR/USD M30 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Didi Index Buy Sell Forex MT4 Indicator
Buy Signal: Open a buy trade whenever the blue Didi signal line crosses back above the red line from below.
Place stop loss 2 pips below support, or use your own favorite SL method.
Exit the buy trade when the red Didi line crosses back above the blue line below (opposite signal), or use your own favorite take profit method.
Alternatively, use a fixed profit target to close the buy trade.
Sell Signal: Open a sell trade whenever the blue Didi signal line crosses back below the red line from above.
Place stop loss 2 pips above resistance, or use your own favorite SL method.
Exit the sell trade when the blue Didi line crosses back above the red line below (opposite signal), or use your own favorite take profit method.
Alternatively, use a fixed profit target to close the sell trade.
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Moving Average 1, Moving Average 2, Moving Average 3, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.