VertexFX Indicator

Pattern indicator is a powerful multipurpose VertexFX client-side script indicator that identifies and displays various candlestick patterns. Candlestick patterns are a powerful ancient Japanese method of identifying interesting occurrences in the price behavior. When the price exhibits certain characteristics, there is a high probability that the market will exhibit certain predictable behavior. For example, a Doji pattern occurs when the opening and the closing prices are very close, and the candle is short in height. It implies that the market is trading in a close range and is undecided about the future course, or has exhausted the current course. For example, a Doji pattern after a long bear market can imply change in direction and a bullish trade can be initiated. This indicator identifies 13 patterns. It is recommended to refer to the candlestick patterns for more details on trading opportunities. The candlestick patterns detected by this indicator are : 1) Hanging Man.

Kaufman Volatility indicator is a VertexFX client-side indicator script that provides a measure of volatility and in identifying the current stage of the market. This indicator was designed by Perry Kaufman and is used in combination with other indicators to estimate stop-loss and volatility characteristics of the market. When the market is in a consolidation phase, the Kaufman Volatility indicator is dropping in value. On the contrary, when the market is trending strongly (either bullish or bearish) the Kaufman Volatility indicator is rising. It does not provide us with the direction of the trend, but only the strength of the trend. To calculate the Kaufman Volatility, we first find the absolute difference in the Close of the current candle from the previous candle. This absolute difference is then added over the recent PERIOD bars to derive the Kaufman Volatility indicator. The Kaufman Volatility indicator does not provide BUY or SELL signals. BUY - This indicator does

i-IntradayFibonacci is a powerful VertexFX client side VTL indicator that displays the valid Fibonacci levels for the current day based on the previous day. Fibonacci levels form important decision points for trading, as well as support and resistance levels. A Fibonacci retracement is a popular tool among technical traders and is based on the key numbers identified by mathematician Leonardo Fibonacci in the 13th century. In technical analysis, a Fibonacci retracement is created by taking two extreme points (usually a major peak and trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%. Once these levels are identified, horizontal lines are drawn and used to identify possible support and resistance levels. This indicator displays the 23.6%, 38.2%, 61.8% and the 76.4% Fibonacci levels based on the previous days range. The previous day's range (previous High minus previous Low) is calculated, and the vari

MaksiGen Range Move is a simplistic VertexFX client-side indicator script that generates BUY and SELL signals based on trading ranges, and range breakout methodology. The concept behind the indicator is to find the Highest Highs and Lowest Lows over a shorter period and a longer period. If the Highest Highs and the Lowest Lows are identical, it implies that the market is range bound over the specified range, and a breakout is possible. The idea is to trade the breakout on either side, using BUY-STOP or SELL-STOP trades. In the first step, we calculate the Highest High and the Lowest Low over the recent PERIOD FAST bars. These levels are displayed by SILVER dotted horizontal lines. In the second step, we calculate the Highest High and the Lowest Low over the recent PERIOD SLOW bars. Once again, these levels are displayed by SILVER dotted horizontal lines. Trendlines are drawn between the two Lowest Low levels and Highest High levels in GOLDEN color. The trendlines typical for a

Murrey Math Lines F2 is a VertexFX indicator used to identify Support and Resistance levels and use these levels to trade breakouts and reversals. This indicator was created by T. Henning Murrey, and uses concepts of Gann charts. It comprises of 9 equidistant horizontal levels calculated from the Lowest Low to the Highest High over the recent P bars. The levels are 0/8, 1/8, 2/8, 3/8, 4/8, 5/8, 6/8, 7/8 and 8/8. 0/8 is the oversold line and 8/8 the overbought line; these are the hardest lines to cross and around 75% of the time, the crossing triggers price reversal. The range between 3/8 and 5/8 is the normal trading range and price tends to consolidate at these levels before falling (3/8 line) or rising (5/8) beyond this trading range. Like Fibonacci retracements, when the price is between two lines, the upper line is considered as resistance and the lower line is considered as support. When the price rises above 5/8 and touches 6/8, it has a tendency to reverse to retest the 5/8

CCI Filter indicator is VertexFX client-side indicator script based on the Commodity Channel Index -CCI and Moving Average methods. The Commodity Channel Index (CCI) is a powerful indicator that provides important information on the trend. It is cyclical in nature and follows price closely. When the CCI has bottomed out below zero and is rising gradually, it implies that the market is rising and bullish. On the contrary, when the CCI has peaked and is falling gradually, it implies that the market is falling and bearish in nature. This is combined with the Moving Average of the Commodity Channel Index (CCI) which provides crossover signals. To calculate the CCI_Filter indicator, we first calculate the Commodity Channel Index (CCI) over the recent CCI_PERIOD bars. The CCI PRICE specifies the price field to be used to calculate the CCI indicator. This is the BLUE component of the indicator. In the next step, we calculate the Moving Average of the CCI over the recent MA_PERIOD bars. T

ICRWa ICWRa indicator is a VertexFx indicator that provides precise BUY and SELL signals by identifying market cycles using trends. When the price moves in well-defined cycles, the trending indicators like Commodity Channel Index (CCI) and Average True Range (ATR) are useful in identifying trading spots where entry and exit signals can be taken. During sideways markets and whipsaws, these indicators can be tuned to avoid trades, or to exit losing trades quickly. The ICWRa indicator employs this strategy. In the first step, we calculate the Commodity Channel Index (CCI) over the recent 50 bars. In the second step, we calculate the Average True Range (ATR) values over the recent 5 bars. In the third step, we calculate the standard deviation of the CCI and ATR over the recent 50 bars to identify the trading triggers. When all the three components are rising, a BUY signal is generated by the indicator. Similarly, when all the three components are falling, a SELL signal is generate