Karenko indicator is
a VertexFX client side VTL indicator that consists two lines. The blue line is
the level of support, and the green line is the level of resistance. Support
and resistance levels can be used to open orders, fixing trades and minimize losing
trades.
Karenko indicator
consists of three components: SMA (simple moving average), ATR (average true
range), 1.618 (fib-factor). It works well on any time frame and any financial
instruments. With help of the karenko indicator you can easily find duplicate
pieces of the market (patterns) and use historical data to make predictions
about future price movement. This is a good tool for traders and analysts that
gives a very accurate prediction.
To learn how to do
good and accurate forecasts, you need some time to work with the indicator.
After receiving the necessary experience you
will be able to intuitively feel the market and which will accurately predict
the price movement to the next segment.
The indicator has two
input parameters, which you can change at your discretion:
Period_MA (Default =144) - the period of the Moving Average.
NBars (Default = 300) - It determines the number of bars on which to build the indicator.
To use Karenko
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 Karenko indicator: