Start time: This is your first selected input. Each trader will need to nominate a start time that they would like the MDI to start calculating the trend of the day.
Time Split = true or false. True turns this option on. This input refers to the option the trader has to select either the time setup or the bar set. A time setup will work on all time based charts. While the bar setup has been designed to work on range, renko, volume, time and other chart types.
Time setup = 5. The trader will need to input a number in this column. This number will be a time based valued and will record the high and low of the trading day based on the value as a time increment. Therefore, if the trader selects five as the input, after five of the trading day, the indicator will record the highest price which the market has reached at this point in time and the lowest price of the day at the same time. Traders are able to select a start point for their calculations. This is referred to as the “start time”. From the data you have recorded, an average price for the first five minutes of the day (or what time the traders chooses) will be calculated by adding the two recorded prices and dividing by two. The resulting price is the critical price level which you will use for the rest of the trading session to determine the trend of the day. The average price will appear as the middle line on your MDI inputs and will appear in yellow.
Delay: The delay is critical in our calculations as it is determining the overall trend of the day. The delay is a time based value where the trader is selecting the period that needs to pass before we are measuring how far price has moved away from our average line. The larger the move in one direction the greater the trend. Visually you will see this delay bar appear on your screen as a vertical bar. It is defaulted to 60 minutes. The trader can choose what time this bar is to be measured in the properties section.