VertexFX Indicator

AdaptiveATR is a VertexFX indicator built based on the Average True Range (ATR) indicator. The Average True Range (ATR) provides information about the volatility of the price. However, one of the drawbacks of the ATR is that it does not provide the direction of the trend, or change in direction. The AdaptiveATR overcomes this drawback by using an adaptive feedback mechanism for calculating the ATR. The original ATR uses High, Low, and Close prices for calculations, whereas AdaptiveATR uses only High and Low prices. As a result, it exhibits a greater sensitivity to volatility and change in direction. In the first step, we calculate the average price based on the High and the Low. In the next step, we calculate the difference of the Average price from its previous Average price. Using concepts of signal-processing, the noise factor is calculated based on this difference. Finally, we subtract the noise from the accumulated Difference over the specified ATR Period. When AdaptiveATR is ris

FollowLine is a powerful VertexFX indicator based on the Bollinger Bands (BB) indicator. The Bollinger Bands indicator is a powerful indicator to identify trading ranges. However it cannot identify how far the trend will continue, or when the trend will reverse. The FollowLine indicator employs a combination of Bollinger Bands, Moving Average and Average True Range to identify start and reversal of trend with minimal lag. The FollowLine indicator generates BUY and SELL arrows when the trade setups identified. Likewise, when the trend turns bullish the indicator is displayed in BLUE, and when bearish the indicator is displayed in RED. In the first step, we calculate the upper and lower Bollinger Bands using the BB_PERIOD and BB_DEVIATION parameters. We filter for condition when the price closes above the upper Bollinger Band, or below the lower Bollinger Band. If USE_ATR_FILTER is set to true then the ATR value is added to the upper Bollinger Band, or subtracted from the lower Bollinge

Double Smoothed Adaptive Moving Average (DSAMA) is a VertexFX indicator based on the Simple Moving Average (SMA) indicator. One of the biggest drawbacks of the SMA is the presence of lag which delays trade entries and exits. The DSAMA indicator offers three advantages of the SMA indicator. First and foremost, unlike the fixed period of the SMA, the period of the DSAMA is adaptive and is calculated based on a fast and slow period range. As a result, it shows a better response than normal SMA. Secondly, by using a smoothing algorithm, the lag is reduced thereby allowing traders to enter and exit trades faster before the price has moved too far away. Building the Indicator: In the first step, we calculate the greatest and smallest value of the price over the recent PERIOD candles. Based on the greatest, smallest, and the current value, the smoothing coefficient is calculated. Finally, the two levels of smoothing are applied, one using the FAST_PERIOD and then using the SLOW_PERIOD to red

iDoubleChannel is a powerful VertexFX indicator that closely follows the price trends. The indicator comprises three components, namely the Upper (BLUE) trend, the Lower (RED) trend, and the Center (YELLOW) trend. When the Lower (RED) component is above the Upper (BLUE) component it signals a bullish trend. Likewise, when the Upper (BLUE) component is above the Lower (RED) component it signals a bearish trend. Traders should avoid trading against the trend. The Center (YELLOW) trend provides a guideline to the price movement. When the Center trend is between the Upper and Lower trends it implies a continuation of the trend. When the Center trend deviates outside the Upper and Lower trend it signals the end of a trend and the probability of a trend reversal is very high. The Center trend is the Simple Moving Average (SMA) of the Close over the recent CHANNEL_PERIOD candles. The Upper trend is calculated from the cumulative sum of the High and difference between the High and Close over

RSIofPSAR is a VertexFX indicator that identifies trend reversals, it is based on two underlying indicators namely the Parabolic Stop-And-Reverse (PSAR) and the Relative Strength Index (RSI). The PSAR indicator is very useful in trend-following techniques when the trend is clear. However, it leads to whipsaws in sideways markets leading to losses. The RSI indicator is useful in identifying trend reversals and sideways markets. RSIofPSAR is created by combining these characteristics from the two indicators providing use with a composite indicator the identifies trend reversals. In the first step, we calculate the Parabolic Stop-And-Reverse (PSAR) of the price series. In the next step, we calculate the Relative Strength Index (RSI) of the PSAR calculated in the previous step. Instead of calculating the RSI using the standard technique, we use a smoothing co-efficient to eliminate the lag. The RSIofPSAR is a bounded oscillator ranging between 0 and 100. It turns BLUE when it is rising an

The SVEStochasticRSI is a powerful VertexFX client-side indicator that identifies market cycles and the strength of a trend. As the name implies, it is an enhancement of the Stochastic RSI and was originally created by Sylvain Vervoort. The main advantage over the traditional StochasticRSI is that the method of calculating the RSI in this indicator is more responsive to price changes. As a result the lag is minimal. In the first step we calculate the RSI using the enhanced SVE method. We use a smoothing co-efficient ALPHA, which is the square-root of the reciprocal period for calculating the RSI. The price changes used to calculate the normal RSI are multiplied by the smoothing co-efficient to derive the SVE RSI. In the next step we calculate the Stochastic value of this RSI which is called the SVEStochasticRSI. The advantage of applying the Stochastic indicator to the RSI is that is when the price starts trending the indicator starts moving upwards or downwards very quickly thereby h