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guru poornima 2023

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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...
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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...
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