Derivative is a
VertexFX client side VTL indicator that consists of two lines:
The indicator line (Green) and signal line
(Red).
Traders can trade
using this indicator, take a buy position when the green indicator line breaks
through the signal line upwards or reflected from it when moving from top to
bottom. and take sell when the sell signal is breaking through the signal line
when moving the indicator line from top to bottom, or the reflection of the
indicator line when moving from bottom to top.
You can use the
indicator for both the opening and the closing of existing transactions.
Indicator values are calculated using the following formula: Derivative=f (x) -
f (x0)/(x -x0)
Where: x0 — current value of the argument, x — value of the argument to the right of the chart, f(x0) — value of the function at point x0, f(x) — value of the function at point х.
To use Derivative 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 Derivative indicator: