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Forex Trading Laboratory

SM ADX - VertexFX Indicator

SM ADX indicator uses T3 adaptive smoothing in ADX calculations. This makes the Average Directional Index, ADX, more responsive to price. The SM ADX indicator consist the Average Directional Index (ADX), Minus Directional Index (-DI) and Plus Directional Index (+DI). These represent a group of directional movement indicators that form a trading system. ADX (light green line) measures trend strength without regard to trend direction. The other two indicators, +DI (yellow green line) and -DI (wheat color line) complement the ADX by defining trend direction. Used together, chartists can determine both the direction and strength of the trend.

SM ATR - VertexFX Indicator

Hello,
SM ATR is a smoothened Average True Range indicator. SM ATR uses the T3 adaptive smoothing in its calculation instead of the normal moving average smoothing in ATR calculation. SM ATR measures the volatility. SM ATR is not a directional indicator, such as MACD or RSI. Instead, SM ATR is a unique volatility indicator that reflects the degree of interest or disinterest in a move. Strong moves, in either direction, are often accompanied by large ranges, or large True Ranges. This is especially true at the beginning of a move. Uninspiring moves can be accompanied by relatively narrow ranges. As such, ATR can be used to validate the enthusiasm behind a move or breakout.

I Bands Price - VertexFX Indicator

i Bands Price is a momentum oscillator. Its construction is different from usual momentum oscillators like RSI and stochastics. This is based on the price deviations away from a moving average of price. The I Bands oscillator oscillates between 0 and 100. Values above middle line 0.50 implies up trend and in a down trend the indicator remains below the middle line. Values above 0.75 is considered overbought and values below 0.25 is considered over sold.

MRO 2 VertexFX Indicator

Hello,
MRO 2 is a client side VTL indicator. MRO2 is a volatility indicator, more responsive to quick changes in volatility. Sudden changes in volatility indicates change in the prevailing market sentiments. Sharp rise in the indicator value shows these sudden changes in volatility. This information can be adapted to the trading strategies to make them refined.
MRO 2 can be used to identify valid breakouts. When a break out happens, if MRO 2 indicator rises to a higher reading, chances are the breakout successful. Lower indicator values imply a smooth sailing market. This information is useful in placing stop loss. When the indicator is at lower levels, tight stop losses can be safely used.

High Low Range Oscillator

Hello,
High Low Range Oscillator is VTL Client Side Indicator. It is an improvement on the stochastic oscillator. It uses the median price in its calculations instead of the closing price used by stochastic oscillator. This makes the oscillator more sensitive to tail formations in charts. Like the stochastic oscillator, High Low range oscillator also oscillates between 0 and 100. HLR oscillator shows the overbought oversold market conditions. Values above 80 level is usually considered as oversold and overbought level is below the 20 level. Oscillator value above zero is taken as uptrend and below zero is taken as down trend.

Anchored Momentum - VertexFX

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Anchored Momentum is a modified momentum Oscillator. It is calculated after smoothing the price with moving averages. Thus it anchors the momentum to a moving average, unlike other momentum indicators that anchor the price to n bars back reference point. It oscillates above and below the zero line. This indicator is mainly used to open buys when Anchored Momentum crosses above the level zero. A reverse situation is suitable for sells; the sells should be opened if the indicator below the level zero. It is better to confirm the signals with other indicators before opening positions. The zero line cross over may produce many choppy signals. Many such random cross overs can be eliminated by using a buffer zone around the zero line, usually -0.2 to 0.2.

Anchored Momentum - VertexFX

Hello
Anchored Momentum is a modified momentum Oscillator. It is calculated after smoothing the price with moving averages. Thus it anchors the momentum to a moving average, unlike other momentum indicators that anchor the price to n bars back reference point. It oscillates above and below the zero line. This indicator is mainly used to open buys when Anchored Momentum crosses above the level zero. A reverse situation is suitable for sells; the sells should be opened if the indicator below the level zero. It is better to confirm the signals with other indicators before opening positions. The zero line cross over may produce many choppy signals. Many such random cross overs can be eliminated by using a buffer zone around the zero line, usually -0.2 to 0.2.

RSI Adaptive MA

RSI adaptive moving average is a client side VTL indicator. Adaptive Moving Averages changes its sensitivity to price fluctuations. The Adaptive Moving Average becomes more sensitive during periods when price is moving in a certain direction and becomes less sensitive to price movement when price is volatile. RSI adaptive moving average uses the Relative Strength Index (RSI) in the calculation of adaptive smoothing of price. RSI being a momentum indicator, the RSI adaptive moving average is responsive to trending price moves. When the trend is strong, price will move above or below the RSI adaptive moving average, and when price momentum diminishes, the adaptive moving average moves close to price action.

RSI Adaptive moving average

RSI adaptive moving average is a client side VTL indicator. Adaptive Moving Averages changes its sensitivity to price fluctuations. The Adaptive Moving Average becomes more sensitive during periods when price is moving in a certain direction and becomes less sensitive to price movement when price is volatile. RSI adaptive moving average uses the Relative Strength Index (RSI) in the calculation of adaptive smoothing of price. RSI being a momentum indicator, the RSI adaptive moving average is responsive to trending price moves. When the trend is strong, price will move above or below the RSI adaptive moving average, and when price momentum diminishes, the adaptive moving average moves close to price action.

Trend Scalp - VertexFX

Trend Scalp is a Client Side VTL indicator for scalping. It identifies the short term trend in the underlying instrument. Trend is identified based on price action. The indicator calculates trend direction by measuring the relative position of last bars high and low within the ranges of last 15 bars high low range. Then it plots the trend scalp indicator (red line). When it is rising above the zero level, strong uptrend is present and in strong down trend, the red line is below zero and falling downward. The aqua color line shows the trend direction. It is either +100 or -100, when it is +100, trend direction is upward, and when it is -100, trend direction is down.
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