Indicators: Traders Dynamic Index, HLCTrends and Trix Ribbon

1) Trix Ribbon
This was built on request. Many Stock/FX traders overlay multiple Trix lines to form the ribbon, this indicator makes it easy.

Also, optionally this can plot a BollingerBand on Trix_1.

More info on Trix:

2) High/Low/Close Trend Indicator
Simple indicator using EMAs of H/L/C. If blue line is above the red line, the trend is up, else down. Keep an eye on the zero line too.

3) Traders Dynamic Index
This hybrid indicator helps to decipher and monitor market conditions related to trend direction, market strength, and market volatility .

TDI             has the following components:
* Green line = RSI Price line
* Red line = Trade Signal line
* Blue lines = Volatility Bands
* Orange line = Market Base Line

Trend Direction - Immediate and Overall:
* Immediate = Green over Red...price action is moving up.
Red over Green...price action is moving down.
* Overall = Orange line trends up and down generally between the lines 32 & 68. Watch for Orange line to bounces off these lines for market reversal. Trade long when price is above the Orange line, and trade short when price is below.

Market Strength & Volatility - Immediate and Overall:
* Immediate = Green Line - Strong = Steep slope up or down.
Weak = Moderate to Flat slope.

* Overall = Blue Lines - When expanding, market is strong and trending. When constricting, market is weak and in a range. When the Blue lines are extremely tight in a narrow range, expect an economic announcement or other market condition to spike the market.

Entry conditions:
* Scalping - Long = Green over Red,
Short = Red over Green
* Active - Long = Green over Red & Orange lines
Short = Red over Green & Orange lines
* Moderate - Long = Green over Red, Orange, & 50 lines
Short= Red over Green, Green below Orange & 50 line

Exit conditions:
If Green crosses either Blue lines, consider exiting when the Green line crosses back over the Blue line.

* Long = Green crosses below Red
* Short = Green crosses above Red

More info on a complete system using TDI:
Remove from Favorite Scripts Add to Favorite Scripts
// @author LazyBear
// If you use this code in its orignal/modified form, do drop me a note. 
study("Traders Dynamic Index [LazyBear]", shorttitle="TDI_LB")

r=rsi(src, lengthrsi)
offs=(1.6185 * stdev(r, lengthband))
mab=sma(r, lengthrsipl)
mbb=sma(r, lengthtradesl)

upl=plot(up, color=blue)
dnl=plot(dn, color=blue)
midl=plot(mid, color=orange, linewidth=2)
fill(upl,midl, red, transp=90)
fill(midl, dnl, green, transp=90)
plot(mab, color=green, linewidth=2)
plot(mbb, color=red, linewidth=2)
Thanks for the TDI. TV admin created a version of the TDI also. It appears to use the same values but when compared to yours, the plots are slightly different. Could you take a look at this and identify what is different between them?

Find theirs here:

Much appreciated.
+1 Reply
LazyBear PRO 4apprentice08
One of this seems to be an adaptation (or adaptation of an get the idea)...also, my implmn doesn't use DEMA (thats why TV version shows more smoothness).

There are so many variations of this out there (using Stoch or RMI instead of RSI, for ex), finding the original version is gonna be interesting. I will keep digging.

In the mean time, if you get a chance to try both, do let me know your experiences/observations under different timeframes.
+1 Reply
Advance overlays
Thanks for this. The High/Low/Close Trend Indicator indicator is quite a good on the 4 hour chart.
+1 Reply
LazyBear PRO nick.stoneman.5
nice! Thanks for the info.
+1 Reply
I should qualify - I only took a quick glance of it on the 4 hour chart, and I'm not very good at TA. I like to play the bigger swings and this indicator seems to work OK on the 4 hour chart, but I didn't go back very far.
+1 Reply
Thank you!
Hey Lazy, I can't find your TRIX Ribbon indicator, could you please upload it for us so we can use it? :)
LazyBear PRO DimiNikolias

It is there in the chart.
1) Click on the "Share" icon on the chart (below the LIKE button). This will open up a dialog box.
2) Click on "Make it mine" button. This will create a local copy for you. This copy has the source code for all the indicators there.
3) Click, on "{}" next to the Trix indicator name to open the source code. This opens up the PineEditor.
4) Click on SAVE to save a local copy of the indicator in your library.

Let me know if you run in to any issues.

+1 Reply
You're a legend mate, thanks Lazy!!
LazyBear PRO DimiNikolias
Thx, fyr - complete list is @
I am having trouble getting the Trix Ribbon indicator. I see 2 years ago you gave good instructions on what to do. I am not able to find the "share" icon under the like button. I found the share icon to the right of the like button under the chart on the page but there was no make it mine option. Perhaps there have been some changes to this website in the last two years. Thanks very much.
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