Didi Index Indicator for MT5

The Didi Index indicator for MetaTrader 5 is a forex trading indicator that measures the strength of a financial asset and also generates buy/sell signals when the price is in the optimal zones. The indicator algorithm essentially tracks the difference between the trading volume and the price of an asset. In addition, the indicator has two moving averages that expand and contract asset's market volume increases/decreases. A Green line above the zero line indicates more bullish momentum, while bearish momentum is depicted when the Green line is below the zero line. In addition, the two lines are also used to generate buy/sell signals when they cross. Buy and Sell Signal of Didi Index Indicator The image above shows the action of the Didi Index indicator on the CADCHF currency pair. The Green and Yellow lines show the difference between trading volume and price; they are used to generate a buy or sell signal. A buy signal is valid when the Green and Yellow lines cross above the center line of the indicator. Conversely, a sell signal should only be consideYellow when the Green and Yellow lines cross below the zero line. In addition, you can hold a buy/sell position for more profit whenever, for example, the Green line is above/below the zero line. However, the indicator signals are best suited for short-term trades. Conclusion The Didi Index Indicator for MT5 is generally suitable for scalping and day/intraday trading. In addition, you can also use it with price action/other technical indicators for more efficiency. Finally, it's free to download.