Didi Index Indicator MT4 Download – Free | Forex Indicator Download – MetaTrader 4 Resources – MetaTrader 4 Resources

The Didi Index indicator uses two oscillating lines (green and yellow) to show changes in trend strength. Additionally, this trading tool has a midline that acts as a baseline or equilibrium level.

The movement of these lines relative to each other and their position relative to the midline form the basis for analysis and trading decisions.

Didi index specification table

The specifications of the Didi Index indicator are as shown in the following table:

List of Didi Index Indicators

Trading signals in the Didi Index indicator are determined by lines relative to the middle line ; these positions are described as follows:

• Buy Signal: When the green line is above the midline, it indicates that an uptrend is forming;
• Sell ​​Signal: When the yellow line fluctuates in the area above the midline, it indicates a downward trend.

Uptrend Signal

According to the 30-minute chart of AUD/USD, the green line fluctuates above the midline.

As shown in the chart, the trend turns bullish once the green line crosses above the oscillator’s midpoint.

Downtrend Signal

According to the Solana (SOL) 4-hour chart of the cryptocurrency , the yellow line is located at the middle line , indicating a potential bearish trend.

Didi index indicator settings

The following items are related to the setting of Didi Index indicators:

• Curta: short-term period for index calculation
• CurtaAppliedPrice: closing price as short-term basis
• CurtaMethod: short-term simple moving average method
• Media: Index calculation mid-term
• MediaAppliedPrice: Closing price as medium-term basis
• MediaMethod: Medium-term simple moving average method
• Longa: long term period for index calculation
• LongaAppliedPrice: closing price as a long-term basis
• LongaMethod: Long-term simple moving average method

Conclusion

The Didi Index indicator determines the entry and exit points of a trade by using 3 moving averages divided into short-term, medium-term and long-term.

The main application of this oscillator is to determine the crossover moments of the line as a trading signal.