Yang Trader
is a VertexFX client side VTL trend direction indicator. It is based on 2
Moving Averages (MAs), these moving average lines, are like follows:
The first
moving average is multiplied by two and the second moving average is calculated
normally. This value is again smoothed with a simple moving average to get the
Yang Trader indicator.
The
indicator line is plotted along the price chart and it shows the trend
direction. Rising Yang Trader line shows uptrend and falling indicator line
show down trend. In an up tend price trade above the indicator line and in down
trend price trade below indicator line.
Buy
position can be opened when the Yang Trader line turns up and Sell position can
be opened when the indicator line turns down. Yang Trader indicator is a good
tool for trend following.
To use Yang
Trader 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 Yang Trader indicator: