Skip to main content

MaksiGen VertexFX Indicator

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 consolidation or "squeeze" area from which price may breakout in either direction.


If both the Highest Highs are identical, and likewise if the both the Lowest Lows are identical, it implies that the market is in consolidation mode. In such a case, a BUY-STOP (BLUE) horizontal line is displayed at the Lowest Low + RANGE OPEN K * Range, where Range is Highest High - Lowest Low. Likewise, a SELL-STOP (RED) horizontal line is displayed at Highest High - RANGE OPEN K * Range, where Range is Highest High - Lowest Low.

BUY - Place BUY-STOP trade if BLUE horizontal BUY line is displayed. Do not place a trade if horizontal BLUE buy line is not visible. Cancel pending BUY-STOP order if horizontal BLUE buy line is not visible. Place stop-loss below the nearest Swing Low or Support below the Lowest Low line.
SELL - Place SELL-STOP trade if RED horizontal SELL line is displayed. Do not place a trade if horizontal RED buy line is not visible. Cancel pending SELL-STOP order if horizontal RED buy line is not visible. Place stop-loss above the nearest Swing High or Resistance above the Highest High line.

https://www.hybrid-solutions.com/plugins/client-vtl-plugins/free/maksi-gen.html

Comments

Post a Comment

Popular posts from this blog

CCI Filter VertexFX Indicator

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...
Post a Comment
Read more

Follow Line VertexFX Indcator

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...
Post a Comment
Read more