Trend Arrows indicator is a VertexFX client side VTL indicator. Trend
Arrows Indicator is built on the lines of support and resistance and draws
the support and resistance lines as arrows on the VertexFX chart.
When there is a descending trend, the indicator only draws the
resistance line (red arrows), and (green arrows) is drawn if there is a
ascending trend. If the price of a financial instrument is approaching the
level of support or resistance and hit it on the current bar then it is a
signal to buy or sell.
Confirmation of order placing will be according to the next arrow to be
drawn, which will confirm the current trend, or will indicate that the market
situation has changed. The indicator can be used to trade Binary Options, Trend
Arrows indicator has two input parameters:
- limit (default = 500) - the number of bars in history,
- iPeriod (default = 15) - the number of bars of a financial instrument is used to calculate the indicator.
To use Trend Arrows 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 Trend Arrows indicator: