Good day, Beautiful people! I’ll show you how to use the Forex DIDI Index Indicator, a modern and fascinating indicator, today. Price reversal points are fairly precise when using this indicator. Make sure you have created an account with one of the Top Forex Brokers. In this post, we will be using the broker Libertex
The DIDI Index Indicator was created by Brazilian analyst Odir Aguiar (Didi) and is based on moving averages, specifically three moving averages known as the Didi needles.
In a separate window on the chart, the indicator is displayed as three lines. There are only two moving averages with variable values, with periods of 3 and 20.
The values of moving averages with periods of 3 and 20 are directly dependent on the output parameter of a moving average with a period of 8.
The output parameter of a moving average with a period of 8 is always equal to 1, but it is also directly dependent on the value of moving averages with periods of 3 and 20.
We won’t go into the arithmetic and algorithm for computing the indicator values in great depth; instead, we’ll get directly to the settings. Use the link at the bottom of the page to download the indicator (installation instructions).
The indicator’s parameters
Didi Index Indicator Parameters:
Curta, Media, Longa – the value of the period of short, medium, and long moving averages, the default value is 3, 8, and 20, respectively.
CurtaAppliedPrice, MediaAppliedPrice, LongaAppliedPrice – select which price value to apply the moving calculations to, by default Close (at the close of the candle).
CurtaMethod, MediaMethod, LongaMethod – method for calculating moving averages, by default Simple.
The Didi Index’s indicator:
The red line is the long (Longa) moving average.
Blue line – short (Curta) moving line.
The black line is the moving average, let me remind you that its output value is always equal to one.
Didi index indicator signal: The indicator has a standard set of signals – the intersection of moving averages.
- Buying signals: The blue line crosses the red line from the bottom up; the intersection should be as close as possible to the black line (level 1); it is preferable to wait for it to cross. The entry for the next candle’s opening is as follows:
- sell signal: In the same way that purchases cross the blue line from the bottom up, the red line crosses the blue line from the bottom up. The crossing should take place as close as possible to the black line, and it is advisable to wait for it to cross. The entry for the next candle’s opening is as follows:
Exit the position using the opposite signal in both cases.
In truth, the DIDI Index indicator is remarkable; its signals are fairly accurate, particularly when a definite trend is present.
Before utilizing the indicator, I recommend looking at its history to determine how accurate its signals are on a specific currency pair, download from the link below!!! Join Doughvest Telegram channel for market updates
