VertexFX Indicator

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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...

The StochInMA is an innovative VertexFX client-side indicator that identifies trend reversals and trading levels. The StochInMA as the name suggests is a combination of the Moving Average and the Stochastic Oscillator. The Moving Average by itself provides the direction of the trend and critical reversal levels. When the price is above the Moving Average the trend is considered bullish. Contrarily, when the price is below the Moving Average the trend is considered bearish. However, Moving Average by itself has a lag and results in late entries or exits. The StochInMA adds a new dimension to the Moving Average indicator by color coding the Moving Average based on the Stochastic Oscillator levels. Traders find the Stochastic Oscillator useful in identifying trend reversals. When the Stochastic Oscillator crosses above the upper threshold it typically is a sign of bullish breakout, and below the lower threshold a sign of bearish breakout. By coloring the Moving Average based on the stren...

The iCompass is an innovative VertexFX client-side indicator based on the Simple Moving Average indicator. In addition to using the Simple Moving Average (SMA), it uses a smoothing co-efficient to determine the strength of the trend. The SMA tells the user about the current trend. Typically, when the price is above SMA the trend is considered bullish, and when it is below the SMA it is considered bearish. However, such a general rule of thumb is not useful in real trading world because of lag which causes delayed trade entries and exits. Therefore, the iCompass indicator uses recent range high, low and the median price to identify the strength of the trend. In the first step, the SMA of the recent MA_PERIOD candles is computed. Then, the Highest High and the Lowest Low of recent MA_PERIOD candles is calculated. This provides us with a trading range. Next, we calculate the smoothing co-efficent based on the current median price, and the trading range. When this co-efficient is low it i...

The HLCTrend is a simple yet powerful VertexFX client-side indicator useful to identify trend reversals. As the name implies, the HLC Trend indicator is based on High, Low and Close price series. In the first step we calculate the Exponential Moving Averages (EMA) of the High, Low and Close prices with HIGH_PERIOD, LOW_PERIOD and CLOSE_PERIOD respectively. In the next step we calculate the Bullish (BLUE) and Bearish (RED) components. The Bullish component is calculated by subtracting the EMA of the High from the EMA of the Close. The Bearish component is calculated by subtracting the EMA of Close from the EMA of Low. When the price starts rising after a fall, the EMA of Close is rising but the EMA of the High does not rise with the same intensity. As a result the BLUE Bullish line is rising and marks the confirmation of a bullish trend. When the price is falling after a rise, the EMA of Low falls rapidily as compared to the EMA of Close thereby marking a bearish trend. The value of CL...

The DDAdaptiveEMA is an innovative VertexFX client-side indicator that trades in the direction of the trend. As the name suggests, DDAdaptiveEMA is based on the Exponential Moving Average (EMA). However, unlike the EMA which has lag, the DDAdaptiveEMA indicator reduces the lag in order to provide better trade entries and exits. The DDAdaptiveEMA is based on two components, namely the Dual Differentiator (DD) filter, and an Adaptive EMA. Hence the name DDAdaptiveEMA. In the first step, we calculate the phase (cycle period) of the price using the Dual Differentiator filter. It provides the optimal phase period over the recent FILTER_PERIOD. In the next step we calculate the EMA based on this optimal phase period. Since the optimal phase period can very for each bar the EMA for each bar may be calculated based on a different period. Hence the name Adaptive EMA. Unlike using fixed period EMA, by employing adaptive EMA the indicator responds to the price changes faster and reduces the lag....

The VolatilityRatio is a powerful VertexFX client-side indicator based Volatility and trend reversal. Volatility is a measure of fast market movements. When volatility increases the markets are moving fast and making big ranges. However, we cannot predict the direction of the market based on the volatility. The VolatilityRatio (VR) determines the direction and the end of the trend thus providing a valuable tool to traders. When VR is above 1 it indicates a bullish trend, and similarly when VR is below 1 it indicates bearish trend. By waiting for the bullish and bearish trends to top out and bottom out respectively traders can exit at the earliest their LONG and SHORT positions respectively. BUY / EXIT SHORT - Enter LONG (or exit SHORT) when the Volatility Ratio is RED and bottoms out. The stop-loss can be placed below the nearest Swing Low. Use short term EMA to ensure that current price is above the EMA. SHORT / EXIT LONG - Enter SHORT (or exit LONG) when the Volatility Ratio is BLUE...

The Simple Decycler Oscillator is a powerful VertexFx client-side indicator that identifies the start and reversal of a trend. One of the major drawbacks of conventional indicators is that the signals have lag resulting in delayed trade entries. The Simple Decycler Oscillator attempts to reduce the lag by using two oscillators. The indicator comprises of two components, the fast oscillator identified by the BLUE line and the slow oscillator identified by the RED line. The fast component is calculated using the FAST_PERIOD and the FAST_K co-efficient. Similarly, the slow component is calculated using the SLOW_PERIOD and the SLOW_K co-efficient. The components are calculated using cycle analysis theory. The strength of the trend is calculated using a high-pass filter over the specified period and smoothed with the smoothing co-efficient (K). The difference between the BLUE and the RED line indicates the direction of the current trend. When the BLUE line is above the RED line the trend ...

is a powerful VertexFX client-side indicator based on the Moving Average Convergence Divergence (MACD) indicator. The Moving Average Convergence Divergence (MACD) indicator is provides information about the current trend and its strength. When the MACD bottoms out and starts rising it implies the market is in bullish mode, whereas when it tops out and starts falling it implies that the market is in bearish mode. However, one of the drawbacks of the MACD indicator is that it introduces lag and introduces whipsaws when the market turns sideways. The primary reason for the lag is the use of Simple Moving Average (SMA) in the calculation of the MACD. The MACD OSMAX indicator overcomes the drawbacks of the MACD indicator by using Exponential Moving Average (EMA) instead of SMA. In addition to using the EMA, it also uses a weightage co-efficient OSMAX to give more weightage to the recent signal. In the first step we calculate the EMA of the PERIOD_FAST and the PERIOD_SLOW. The MACD is calcu...

is an innovative VertexFX client-side indicator based on Moving Average and Commodity Channel Index indicators. The Commodity Channel Index (CCI) provides valuable insight of the current trend. However since the CCI is not bounded it tends to generate the signals too early or too late. The CCIinMA indicator overcomes this drawback by using a short period Moving Average (MA). We calculate the Moving Average based on the MA_PERIOD and the MA_METHOD. The user can choose Simple (SMA), Exponential (EMA) or Weighted Moving Average (WMA). In the second step the CCI is calculated based on the CCI period. The CCI_LEVEL_UP defines the bullish breakout level and the CCI_LEVEL_DOWN defines the bearish breakout level. The indicator is plotted BLUE when the CCI is above the CCI_LEVEL_UP and RED when the CCI is below the CCI_LEVEL_DOWN. BLUE color indicates bullish trend, RED indicates a bearish trend. BUY / EXIT SHORT - Enter LONG (or exit SHORT) at the close of candle when indicator color turns BL...

The CamarillaFlatAndClear is an innovative VertexFX client-side indicator based on daily pivot and Camarilla levels. Pivot levels are an useful tool to identify key support and resistance levels. However, they have outlived their purpose especially for short-term traders. The CamirillaFlatAndClear indicator is an improvement of the pivot levels and Camarilla levels using "squares of 12" method. The indicator provides seven key levels - namely the central Pivot level (YELLOW), three support (RED) and resistance (GREEN) levels each. Unlike traditional pivot level trading methods, the levels provided by this indicator act as breakout levels. Short term traders prefer to trade in the direction of the level (breakout) rather than against it (reversal). When used with short-term Exponential Moving Average (EMA) it provides excellent breakout trades for short term traders. The central pivot level (YELLOW) is the average of the previous Day's High, Low and Close. The other level...

The sRSI (Sell Relative Strength Index) is a powerful VertexFX client-side indicator based on enhanced implementation of the Relative Strength Index (RSI) indicator. The RSI indicator is useful in identifying the trend of the strength as well as the end of the trend. However, one of the drawbacks of the sRSI is that it introduces lag. Another drawback of RSI is that since all price changes are given equal weightage the more recent price changes are not reflected quickly in the calculations. The sRSI solves this drawback by giving weightage to the more recent price changes. The traditional RSI uses only Close prices. The sRSI uses Open, High, Low and Close prices to capture not only the change in trend but also the strength of the trend within the candle. We use two levels to identify the strength of the sRSI. The primary Neutral Zone level is used to identify sideways trend. When sRSI is inside the NEUTRAL_ZONE the trend is considered sideways. When sRSI crosses above the Neutral ...