Begin Trend Indicator


Begin Trend indicator is a VertexFX client side VTL indicator that helps to find points of entry in market in direction of trend.

 The concept behind this indicator is to identify market cycles based on a combination (difference) of the Linear Weighted Moving Average (LWMA) and Simple Moving Average (SMA).

At first step, we calculate the two Linear Weighted Moving Averages (LWMA_h and LWMA_l) of the High and Low prices over the recent Period_Channel bars. In the next step, we calculate the Simple Moving Average (SMA) of the Close prices over the recent Period_Input bars.

Then we do the calculation values of the red and green indicator lines. The values of the green line is the difference between LWMA_h and SMA and values of the red line is the difference between LWMA_l and SMA.

Begin Trend is displayed in a separate window in the form of two independent lines of red and green colors, which are an approximation to the zero line is regarded as a signal to enter the market. Approach is considered a strong signal of the signal line to the zero level and rebound from it: Bouncing from the zero level, and turn the green line up - a buy signal. Bouncing from zero and turning red line down - a signal to sell.

It should be noted that the signal line may not reach zero and start the turn.

In this case, the signal strength will depend on the distance between the signal lines and zero - the smaller it is, the stronger the signal. The ideal is considered to be a signal occurring at the turn after crossing the zero line signal.

To use  Begin 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 Begin Trend indicator:


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