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Forex Trading Laboratory

MACD Vs Signal - VertexFX

MACD Vs Signal is a Server Side VTL expert adviser. EA trades the standard MACD line crossing MACD signal line. The EA open Buy position when the MACD line cross above the Signal Line and open Sell position when MACD line cross below Signal line. The EA applies a stop loss and take profit to open positions defined by the parameters stop loss and Take profit. It will apply a trailing stop loss also, if parameter trailing stop loss value is set above zero. The EA open only one position at a time. This EA demonstrates the methodology to create fully operative server side expert advisers with VTL. This can be further fine-tuned to make it a better EA. Trader can run it around volatile market times like first hour of London session open time or US session open.

Slope Direction Line

Slope Direction Line is a Client Side VTL Indicator. It shows the slope direction of price moves. Slope is a statistical measure showing the angle of price moves. The indicator plots a line showing the slope of the price move in last ten bars by default. When the line color is white, the trend direction is up and red line indicates down trend. This is useful in identifying trend direction automatically. The change in slope direction can be used as entry signals in trading. It can be used as trend filter in trading systems also. When a persistent uptrend or down trend is identified by the slope direction line, by the slope direction remains in the same direction for a few bars, traders can expect continuation of price move in that direction and can open new positions.

Parabolic Zig Zag

Parabolic Zig Zag is a VTL Client Side Indicator. It is another Zig Zag indicator using Parabolic Stop and Reverse Indicator for identification of swing highs and swing lows. The indicator plots the zig zag line and Fibonacci retracement levels for the last two swing points. This is useful in identifying targets and entry levels on retracement trades. The last four swing levels are also marked in the chart. Zig Zag indicator is used in identification of chart patterns and trades based on Fibonacci levels. In the image attached a Double Top pattern is easily identified with the Parabolic Zig Zag. The Fibonacci levels for the last swing can be used as target levels for this trade.

MNL Price Indicator

MNL Price Indicator is a price action based short term trend indicator. It is calculated based on the short term price moves over a period of three bars. This indicator is quickly responsive to changes in trend over a few bars in chart. The red line indicates the trend direction as well as the trend strength. When it is above zero, trend is up and higher values indicate strength in the uptrend. When it is below zero, trend is down and lower values indicate strength in down trend. The teal color line is an average of the red line and can be used as a signal line. When red line cross above teal line, trend has confirmed to be upward and vice versa.

MA My - VertexFX

MAMy is a VTL client side indicator to identify the beginning of short term changes in trend. It is based on the relationship between Moving Averages of close, open and weighted close. It plots two lines on the indicator pane, the green line showing change in trend and the red line, which can be used a signal line. The green line is fast responsive to changes in short term trend. When it spikes above zero level, a new uptrend is identified. When it spikes below zero level, new down trend is identified. Green line above red line indicates uptrend and green line below red line indicates down trend. MAMy identifies short term trend reversal, so it must be used with filters that identify overall trend direction and signals against the overall trend must be ignored.

MA My

MAMy is a VTL client side indicator to identify the beginning of short term changes in trend. It is based on the relationship between Moving Averages of close, open and weighted close. It plots two lines on the indicator pane, the green line showing change in trend and the red line, which can be used a signal line. The green line is fast responsive to changes in short term trend. When it spikes above zero level, a new uptrend is identified. When it spikes below zero level, new down trend is identified. Green line above red line indicates uptrend and green line below red line indicates down trend. MAMy identifies short term trend reversal, so it must be used with filters that identify overall trend direction and signals against the overall trend must be ignored.

KI Signals

Ki Signals is a VTL Client Side Indicator. It finds the trend reversal with the aid of moving averages and plots up and down arrows when Ki Signals indicator identify trend reversal. It calculates two moving averages, fast and medium term of periods 3 and 10. Then it calculates a comparatively longer term (16) exponential moving average of the difference between fast and medium term moving averages calculated in first step. When the longer term EMA cross above zero, it plots an up arrow showing trend is turning upward and when it cross below zero, it plots a down arrow indicating trend is turning down. Ki Signals is similar to MACD indicator in construction but the logic is different.

KI Signals

Ki Signals is a VTL Client Side Indicator. It finds the trend reversal with the aid of moving averages and plots up and down arrows when Ki Signals indicator identify trend reversal. It calculates two moving averages, fast and medium term of periods 3 and 10. Then it calculates a comparatively longer term (16) exponential moving average of the difference between fast and medium term moving averages calculated in first step. When the longer term EMA cross above zero, it plots an up arrow showing trend is turning upward and when it cross below zero, it plots a down arrow indicating trend is turning down. Ki Signals is similar to MACD indicator in construction but the logic is different.

GMMA Long - VertexFX

Guppy Multiple Moving Average – Long is Client Side VTL Indicator. Guppy Multiple Moving Averages (GMMA) Long is used to identify the long term trend in the instrument. It is a set of six exponential moving averages of period 30, 35, 40, 45, 50 and 60. When all the moving averages are sloping upward, a long term uptrend is in place and in a down trend, all the six moving averages slope downward.

Gimmee Bars - VertexFX

Gimmee Bars is a Client Side VTL indicator. Gimmee Bar is a price action reversal candle formation. When price trades above or below the Bollinger bands and immediately closes within the Bollinger bands, it is a Gimmee bar setup. Entry point is when price breaks the high or low of the Gimmee Bar. This is a powerful price action trading strategy.

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