Forex indicator DIDI Index is an effective and simple indicator that allows you to open positions at the very beginning of a price reversal.
The DIDI Index indicator owes its name to the Brazilian analyst Odir Aguiar, nicknamed Didi. It is based on three moving averages, known as Didi needles, and is designed to look for price reversal points.
The indicator DIDI Index is displayed below the main price chart as three lines:
- The red line is the long (Longa) moving average.
- The blue line is the short (Curta) moving average.
- The gray line is the moving average, the output value of which is always equal to one.
How to use the DIDI Index indicator in trading
Since the DIDI Index indicator consists of moving averages, their intersection is used as an entry signal.
The blue line crosses the red line from the bottom up, the crossing should occur as close to the gray line as possible, it is even better to wait for it to cross. Enter a position at the open of the next candle.
The red line crosses the blue line from the bottom up, the crossing should occur as close as possible to the gray line and it is desirable to wait for it to cross. Enter a position at the open of the next candle.
The DIDI Index indicator has fairly accurate trading signals, especially with a strong trend movement. I recommend using this indicator in conjunction with Forex filters, which will reduce false entries, as well as increase the accuracy of signals where to enter the market.
Features of DIDI Index MT4 indicator
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: any from 1 Minute to Daily
- Currency pairs: any
In Didi_Index.zip file you will find:
Download DIDI Index MT4 indicator for free: