TrendValue is VertexFX client side VTL that is designed to determine the trend direction and provides a trend breakout trading strategy. It consists of 2 lines, red and green. Green line is the level of support and the Red line is the resistance level.
Method of
calculation of indicator:
TrendValue indicator is based on Simple Moving Average (SMA) and Average True
Range (ATR). At first step, we calculate the SMA and ATR with given inputs.
Next, we determine the level of support and resistance levels: resistance
levels = SMA * (kRes+ATR * ATRSensitivity) support levels = SMA * (kSup-ATR *
ATRSensitivity) kRes, kSup - Horizontal shear rate indicator.
Trading
using indicator:
- If indicator the is Green Place a Buy
position, you can place position directly after the appearance of the
green color in the indicator, but it is better to place the deal when the price
touches the support level - the green line.
- If the indicator line turns Red or if the price touches the
resistance level (red line), place a Sell position.
The basis of the indicator TrendValue are moving averages and ATR,
which allows you to make it more sensitive in flat market. The default settings
are set for M5 timeframe.
Paramters:
- Period - the period used in the moving average. For higher TF recommended to
increase.
- ShiftPercent - shift indicator horizontally as a percentage.
- ATRPeriod - period of the ATR indicator, is used in the calculation.
- ATRSensitivity - shear sensitivity ATR.
- ShiftPercent - shift indicator horizontally as a percentage.
- ATRPeriod - period of the ATR indicator, is used in the calculation.
- ATRSensitivity - shear sensitivity ATR.
C:\ProgramData\VertexFX Client Terminals\"Company
name"\VTL10\Local VTL Scripts
Then right click on the tree and select refresh or restart
your client station and you will find under VTL local scripts in your
client terminal.
You can check this video that talks about TrendValue Indicator: