What is the DayImpulse?
DayImpulse is a powerful
VertexFX client side VTL indicator that gives excellent entry and exit signals.
The main GOLD line is calculated as the
cumulative sum of the difference between the Close and Open of each candle over
the recent PERIOD candles and is expressed in points.
The signal BLUE line is
calculated as the difference between the Close and Open of each candle and
expressed in points. The average WHITE line is the Simple Moving
Average over MA_PERIOD candles of the main GOLD line.
The concept behind DayImpulse indicator
is that the relationship between Open and Close prices exhibit deterministic
behavior in trending markets. In an up trending market, the Close price is
higher than the Open price most of the times. Hence the main indicator is
rising.
When the uptrend stalls, the Open
and Close prices exhibit in deterministic behavior, and hence the indicator
moves sideways or downwards indicating an end of the trend.
In a down trending market, the
Close price is lower than the Open price most of the times. Hence the main
indicator is falling. When the uptrend stalls, the Open and Close prices
exhibit in deterministic behavior, and hence the indicator moves sideways or
starts moving upwards indicating an end of the trend.
Buy: Place Buy position when Golden
line is below the Blue line, and both lines are below zero. The Golden line
must be rising for at least 2 candles.
Sell: Place Sell position
when Golden line is above the Blue line, and both lines are above zero. The
Golden line must be falling for at least 2 candles.
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.