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Forex Trading Laboratory

Visionary Collective

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ATR Ratio - VertexFX Indicator

ATR Ratio (Average True Range Ratio) is a VertexFX Client Side VTL Indicator. It plots the ratio between a long-term ATR and a short-Term ATR. ATR is a measurement of market volatility, when the price trend is strong, ATR values rise and consolidation is marked by low ATR values. ATR ratio shows the present market volatility in relation to long term market volatility. It is calculated by dividing the short term ATR with Long term ATR. ATR Ratio above one indicates the current market volatility is higher.
How to Use ATR Ratio Indicator

Bollinger Bands High Low - VertexFX Indicator

Bollinger Bands High Low (BB HL) indicator is a finetuned version of the Standard Bollinger Bands indicator. Bollinger Bands defines and plots an upper band and lower band within which most of the price bars are confined. The calculation of Bollinger bands is based on a short term moving average that determines the trend. The upper and lower bands are two standard deviations away from the base moving average. Standard Bollinger Bands uses the closing price of each candle in its calculation. In this refined Bollinger bands High Low indicator, the upper band is based on the standard deviation of candle high and lower band is based on the standard deviation of candle low, instead of the candle close used in standard Bollinger bands.

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Inside Bar Outside Bar - VertexFX

Inside Bar Outside Bar is VTL Client Side indicator to identify the Inside Bar and Outside Bar candle patterns. Inside Bar is a price bar with its high less than previous bar’s high and low greater than previous bar’s low. They are marked by the red arrows in chart. Outside Bar is a price bar with its high greater than previous bar’s high and low less than previous bar’s low. They are marked by the blue arrows in chart.
Inside Bar Trading Strategy
An Inside Bar means a contraction in price range or volatility. It is a pause in price movement and does not show any strength in price direction. This will lead to a breakout from this trading range.

Outside Inside Bar - VertexFX

Outside Inside Bar is a candlestick chart pattern where an inside bar is immediately followed by an outside bar. An inside bar is a bar with its high less than the previous bar high and low greater than its previous bar low. An outside bar is a bar with its high greater than its previous bar high and low less than its previous bar low. An outside bar indicates strong prices movement in both directions, up and down. Inside bar indicates lack of direction in price movement. Thus the Outside Inside Bar pattern indicates a temporary pause after a strong price move in both directions. This will lead to a breakout from the trading range marked by the inside bar.

Price Action - VertexFX

Price Action is a Client Side VTL Indicator to display the important price action candle stick patterns; Pin Bars, Inside Bars and Engulfing Bars. The patterns are marked in chart by vertical lines below the candle chart in a new pane.
• Red – Pin Bars
• Green – Engulfing Bar
• Yellow – Inside Bar
The height of the vertical line shows the strength of each pattern with a scale 1 to 4. The pattern strength is calculated based on how the pattern is formed in relation to its adjacent four bars. The higher the line the stronger the pattern. Pattern Name and whether the pattern is bullish or bearish and pattern strength is displayed in the Data Window tab of the terminal.
Trading Strategies:

Hull Moving Average - VertexFX

Hull Moving Average (HMA) is Client Side VTL Indicator, is an extremely fast and smooth moving average that almost eliminates the lag associated with moving averages. The major disadvantage with moving averages is the inherent lag associated with them. HMA reduces the lag with common moving averages like Simple MA and Exponential MA.
HMA calculation process is first you define the HMA period (e.g. period = 16). Then,
1 Calculate the Weighted Moving Average (WMA) for half of the period (period/2, i.e. 16/2 = 8) and for full period (16) WMA.
2 Subtract the full period WMA from half period WMA multiplied by 2. (WMA(8)*2 – WMA(16))
3 Calculate the square root of the full period. (Sqrt(16) = 4)

Harami - VertexFX

Harami is a Client Side VTL Indicator to identify Bullish and Bearish Harami candle stick patterns. When the Harami pattern appears, it depicts a condition in which the market is losing its steam in the prevailing trend direction. The Harami consists of a small real body (candle open close range is the real body) that is contained within the preceding large candles' (Master Candle) real body. A bullish Harami comes after an upward price move and bearish Harami comes after a downward price move. The VTL indicator plots an up or down arrow after the Harami pattern is confirmed, that is, on the next candle after the Harami.

Double Inside Bar - VertexFX

Double Inside Bar is a Client Side VTL indicator. Double inside bar is a price action candles stick pattern where two inside bars form immediately. An inside bar is a bar whose high is less than the high of the previous bar and low is greater than the low of previous bar. The Double Inside bar pattern is two inside bars forming immediately.
Pattern detection rules are:
1 Price Bar 1 is an inside Bar.
2 Price Bar 2 is an inside Bar with price bars 3 and 4. (Bar 2 is inside the High low range of Bar 3 and Bar 4.)
See the chart with bar numbers. Note that second inside bar of the double inside bar pattern (bar number 2) is an inside bar with its preceding two bar high/low (bars 3 and 4).
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