Yang Indicator


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:





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