How to use TDI shark fins?

Question

Charles · Accepted Answer

The TDI (Traders Dynamic Index) indicator's "shark fins" are distinctive patterns that can be utilized in trading strategies. When using TDI shark fins, traders aim to identify potential reversal or continuation signals in the market. A shark fin occurs when the green RSI Price Line sharply crosses the red Market Base Line, resembling the shape of a shark fin. A bearish shark fin, with the green line spiking down and crossing below the red line, suggests a potential reversal from an uptrend to a downtrend. Conversely, a bullish shark fin, with the green line spiking up and crossing above the red line, indicates a potential reversal from a downtrend to an uptrend. Traders should confirm the shark fin signal with additional analysis, such as observing other indicators or price action patterns, to validate the signal's reliability. Entry and exit points can be determined based on the confirmed signal, and risk management measures should be implemented to protect capital. It's essential to practice using the TDI shark fin pattern alongside other analysis techniques to enhance trading decisions effectively.

Ryan · Answer

To use TDI Shark Fins, first, install the TDI indicator on your trading platform. Look for the Shark Fin pattern on your Forex chart, where the red line crosses above or below the green line at the overbought or oversold level and then crosses back in the opposite direction. Take this as a potential signal for a reversal.

How to use TDI shark fins?

2 Answers

2 Answers

How to use TDI shark fins?

2 Answers

2 Answers

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