SP Trend indicator is
a VertexFX client side indicator that is displays a line. The line has two
colors: Green and Blue. Green color is an uptrend, and blue is a downtrend.
The green line is the
level of support and the blue resistance level. You can place an order to buy
when the price is closer to the support line, and place orders to sell when the
price is near the line of resistance.
Closing of the
transaction is advised when the price crosses the level of support or
resistance level.
Super Trend indicator
shows not only the direction of the trend, but also helps discovering the
Elliott wave.
This indicator best applied using a trading
strategy "scalping". It perfectly shows the repositioning of prices
flat. The calculation of the indicator is performed using the values of
indicator Commodity Channel Index (CCI).
To use SP Trend
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 SP Trend indicator: