VertexFX Indicator

The Smoothed WPR indicator is a powerful VertexFx client side indicator script that provides insights into the market trend and reversal of trends. It is based on the Williams %R indicator. The Williams %R displays the relationship of the current closing price with respect to recent N highs and lows. Unlike normal oscillators, Williams %R is a negative oscillator, in the sense that -100 represents oversold conditions and 0 represents overbought conditions. The Williams %R although very useful in identifying trend reversals produces whipsaws when there is a large deviation in the latest closing price. To avoid whipsaws and provide more reliable technique for identifying reversals the Williams %R is smoothed using a smoothing co-efficient.  By default the smoothing co-efficient calculated as 2 / (1 + SMOOTHING PERIOD). By default the smoothing period is same as the Williams %R period. However, the user can override the default smoothing period by set the value of SMOOTH_PERIOD to th...

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.

The EURX indicator is a powerful VertexFx client-side indicator script that calculates the Euro Index in real-time. The Euro Index is a powerful macro-economic indicator that presents a composite view of the European currencies. It is calculated from five major European currencies, namely EURUSD, EURGBP, EURCHF, EURJPY and EURSEK (Swedish Krona).  The calculation of the Euro Index is as follows,  34.38805726 x Pow(EURUSD, 0.3155) x Pow(EURJPY, 0.1891) x Pow(EURGBP, 0.3056) x Pow(EURSEK, 0.0785) x Pow(EURCHF, 0.1113) where Pow(currency, exponent) is the exponent (power) of the currency value. The main Euro Index labeled EURX is plotted as a thick line. The indicator also plots two moving averages of the EURX, namely the short term and long term moving average. The periods of these averages can be configured and changed by modifying the SMA_PERIOD_SHORT and SMA_PERIOD_LONG respectively. The EURX depicts the strength of the Euro against the five major currencies, namely the US d...

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 ...