This indicator is an adapted version of the TDI (Traders Dynamic Index) indicator, written by Dean Malone.

The RSI indicator is used to identify market conditions. On the basis of the TDI indicator and similar, many trading strategies have been developed that have proven their reliability and potential profitability.

The display of volatility bands (displayed in blue) and the market baseline (displayed in yellow) can be disabled in the input parameters of the indicator.