FollowLine is a powerful VertexFX indicator based on the Bollinger Bands (BB) indicator.
The Bollinger Bands indicator is a powerful indicator to identify trading ranges. However it cannot identify how far the trend will continue, or when the trend will reverse. The FollowLine indicator employs a combination of Bollinger Bands, Moving Average and Average True Range to identify start and reversal of trend with minimal lag.
To use FollowLine Indicator download it from here, then place it at VertexFX VTL directory:
CCI Filter Indicator is a VertexFX indicator that provides important information on the trend. It is cyclical in nature and follows price closely. CCI Filter VTL indicator consists of the normal Commodity Channel Index – CCI indicator and the Moving Average of the CCI itself.
When CCI has bottomed out below zero level and is rising gradually, it implies that the market is rising and is bullish.
On the contrary, when the CCI has peaked and is falling gradually, it implies that the market is falling and is bearish.
To use CCI Filter Indicator download it from here, then place it at VertexFX VTL directory:
xPoints indicator is a VertexFX client-side indicator that predicts the possible reversal points. The concept behind this indicator is based on the fact that sometime before the turn of the price there are so-called bars X-points, in which rate=(High-Low)/MathAbs(Close-Open) more than 1. If rate more than 1 and low touches the lower border of the channel (price increasing is possible) or High touches the upper border of the channel (price decreasing is possible), then the indicator gives a signal to buy or sell.
To filter false signals, the indicator analyzes the bar following the X-point to detect at least small price movement in the predicted direction, and it detects the positions of middle points of bars as related to the mid-channel and to each other. The appearance of the red arrow indicator gives a signal to sell to the level of profit at the opposite border of the trading channel, and the appearance of the blue arrow signals the opening of the transaction for the purchase.
Trade is conducted only in the direction of the trend that is visually determined by the slope of the channel. The testing revealed another interesting feature of the ixndent parameter - it can be used to accurately calculate the opening moment. For example, open short positions when the price is above the arrow and vice versa, which provides an approximation of the opening to the point of a local extremum.
Description of the main Indicator input parameters: per (default = 3) - parameter, which is responsible for the period of construction of the shopping channel. This value must be adjusted empirically for each currency pair separately; xrate (default = 1.5) - minimum ratio. This parameter is responsible for the anti-aliasing, and the higher it is the more accurate the signals are fed to the opening position; xsize (default = 5) - the minimum height of the bar (High-Low); xslope (default = 0) - minimal increment of the next bar. Indicator input parameters: per=3; - channel building period xrate=1.5; - minimal rate xsize=5.0; - minimal bar height (High-Low) extern double xminupdn=10.0; - minimal channel width xhour1=9; - minimal hour, from which signals are allowed (inclusively) xhour2=19;- maximal hour, up to which channels are allowed (inclusively) xindent=15; - signal indent from the chart (it can be used for StopLoss, too)
To use xPoints Indicator Indicator download it from here, then place it at VertexFX VTL directory:
Perfect Trend Lines (PTL) is a short-term trend trading VTL indicator.
The lines showing the trend in this indicator are not straight lines like normal trend lines. A magenta diamond shape appears when a sell signal is generated. Cyan diamond shape appears for a buy signal. The magenta line can be used as a stop loss.
The cyan line provides a tighter stop loss level. Strong downtrend bars are marked by a magenta dot at the bar high and strong uptrend bars are marked by a cyan dot at the bottom of the bar.
To use sRSI Indicator download it from HERE, then place it at VertexFX VTL directory:
Move_Cross is a powerful VertexFX client-side Expert Advisor that
identifies and trades in cyclical markets as well as trending markets.
One of the advantages of
this Expert Advisor is that it distinguishes both trending and cyclical markets
and hence has a higher success rate since it knows when the market transitions
from sideways to trending (and vice-versa) and protects profits appropriately.
The concept behind the Move_Cross
Expert Advisor is using RAVI indicator (Rapid Adaptive Variance Indicator), in
conjunction with break of the High and Low of the recent bars. It uses multiple
time-frames, namely Daily, Hourly and 1-Minute.
ENTRY RULES for BUY (LONG) Trades
• BUY trades are disallowed before Monday 7 am.
• If a BUY position is already open, the rules for BUY entry are not
checked.
• If a SELL position is already open and a BUY signal is generated, then the
SELL position is closed first and then the BUY trade is opened.
• In the first step, we calculate the RAVI of 2 and 24 period Simple Moving
Average (SMA) of the Open price on H1 period. If this value is less than zero,
a Weightage of 10 is assigned.
• In the second step, if the High of the previous candle and two candles ago on
the Hourly chart is greater than the current Bid plus 5 pips, then the
Weightage is increased by 7.
• On the 1-minute chart, if the High of the candle is greater the current Bid
plus 5 pips, then the Weightage is decreased by 50. This step is repeated for
the recent 12 one-minute candles.
• If the Close of the previous 1-minute candle is greater than the current Bid
plus 5 pips, then the Weightage is increased by 50.
• If the High of any of the recent fourteen Hourly bars is greater than current
Bid plus 45 pips, then the Weightage is reduced by 50.
• Finally, if the Weightage is greater than 50, then a BUY signal is triggered.
ENTRY RUES for SELL (SHORT) Trades
• SELL trades are disallowed before Monday 7 am.
• If a BUY position is already open and a SELL signal is generated, then the
BUY position is closed first and then the SELL trade is opened.
• In the first step, we calculate the RAVI of 2 and 24 period Simple Moving
Average (SMA) of the Open price on H1 period. If this value is greater than
zero, a Weightage of 10 is assigned.
• In the second step, if the Low of the previous candle and two candles ago on
the Hourly chart is lesser than the current Ask minus 5 pips, then the
Weightage is increased by 7.
• On the 1-minute chart, if the Low of the candle is lesser the current Ask
minus 5 pips, then the Weightage is decreased by 50. This step is repeated for
the recent 12 one-minute candles.
• If the Close of the previous 1-minute candle is lesser than the current Ask
minus 5 pips, then the Weightage is increased by 50.
• If the Low of any of the recent fourteen Hourly bars is lesser than current
Ask minus 45 pips, then the Weightage is reduced by 50.
• Finally, if the Weightage is greater than 50, then a SELL signal is
triggered.
TRADE EXIT CONDITIONS
• A trade is closed when the stop-loss is hit if the parameter
StopLoss is configured.
• A trade is closed when the take-profit is reached if the parameter TakeProfit
is configured.
• A trade is closed when the trailing stop-loss is hit if the parameter
UseTrailingStop is configured.
• An open BUY trade is closed if an opposite SELL signal is triggered. Likewise,
an open SELL trade is closed if an opposite BUY signal is triggered.
Configurable
Inputs
1. MoneyManagement– Specifies whether money management
rules should be enabled or not. If TRUE then the lot-size of each trade is
calculated based on TradeSizePercent and StopLoss. If set to FALSE, then the
lot-size specified in Lots is used. 2. UseTrailingStop– Specifies whether trailing stop should be used or not. 3. TradeSizePercent –Specifies the maximum risk per trade based on which the
lot-size is calculatedif MoneyManagement is set to TRUE. 4. Lots –Specifies the lot-size of each trade if MoneyManagementis set to
FALSE. 5. MaxLots –The maximum number of lots that can be opened by this Expert
Advisor. 6. StopLoss – The stop-loss of each trade opened by the Expert Advisor in
points. 7. TakeProfit – The profit target of each trade opened by the Expert Advisor in
points. 8. MarginCuttoff –The Expert Advisor will stop trading if the equity drops
below this amount. 9. Slippage –The maximum allowed slippage in points.
To use Move Cross expert advisor download it fromHere, then place
it at
Brain Trend Signal Alerts is a VTL indicator that plots buy and
sell signals. This indicator follows the short-term trend and it is a great
intraday trading tool. This indicator identifies the trend changes using candle
high lows and Average True Range.
The red arrow appears when a downtrend is identified and a green
arrow appears when the trend changes upward.
For best results, Brain Trend Alerts VTL can be used together with a long term
moving average like the 200-period simple moving average. Buy signals are valid
when the signal is generated above the moving average and sell signals are
valid when they form below the moving average.
To use Brain
Trend Signal Alerts Indicator download it from HERE,
then place it at VertexFX VTL directory:
Percentage Channel (PCC) is a VTL indicator that uses a
certain percentage value of the price to draw the channel. As price moves
upward or downward, the PCC shows trading opportunities. It is a trend
following indicator, and the signals make good profits on long-lasting trends.
Traders can open a buy position when price establishes above
the upper channel line. A short position is opened when price trade below the
lower channel.
To use Percentage Channel Indicator download it from HERE,
then place it at VertexFX VTL directory: 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 Percentage Channel Indicator:
