RSI Slow Down VertexFX Indicator

The RSI_Slowdown indicator is a powerful VertexFx client side indicator script to identify trend reversals. It is based on RSI indicator and the idea that as price slows down the RSI also slows down and tops (or bottoms) out thus indicating a change in direction.
As the price stagnates, the RSI indicator reverses it direction from the overbought and oversold zones. This indicator captures the reversal at these overbought and oversold levels.
A bearish reversal occurs when the RSI is above the LEVEL_MAX value and the RSI remains sideways. In such situations it is recommended to exit LONG positions.
A bullish reversal occurs when the RSI is below the LEVEL_MIN value and the RSI remains sideways. In such situations it is recommended to exit SHORT positions.

Comments

RSIofPSAR VertexFX Indicator

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...

SVEStochastic RSI VertexFX Indicator

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...

Kauffman Volatality VertexFX Indicator

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 ...

VertexFX Indicator

Search This Blog