Vetex FX VTL Indicators & Scripts

edakad

Active member
117 1
X-Points Indicator VTL Client Script

Hello,

The Xpoints indicator marks the reversal candles with blue and red arrows. The signals can be traded as a system or in use with other strategies as an advanced warning signal for trend reversal.

Hope this is useful to VertexFX terminal users.

More......

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Attachments

  • xpoints-indicator.zip
    3.2 KB · Views: 182

edakad

Active member
117 1
Volatility Channel Stop and Fiji BB Alert - VertexFX VTL Script

Hello,

I have converted the Volatility Channel Stop indicator from MQL to VertexFX VTL. Hope this is useful to VertexFX platform users. Volatility Channel Stop is a stop and reverse type indicator. It draws a stop and reverse line, when the line is blue, market is in a up trend and the line is red, market is in a down trend. The red circle marks the trend reversal point for down trend and blue circle is the point at which trend reversed upward.

More...

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Attachments

  • Volty-channel-stop-indicator.zip
    4 KB · Views: 181

edakad

Active member
117 1
Fiji BB Alert - VertexFX VTL Script

Hello,
Hello,

I have converted the Fiji BB Alert indicator from MQL to VertexFX VTL. Fiji Bollinger Bands Alerts is a bollinger bands based VTL Client side script. It plots bollinger bands on the chart and also red and yellow arrows where divergence between price and bollinger bands is picked by the indicator. Divergence are forewarning to trend reversal. Red arrows are plotted when there is a divergence between price and upper bollinger band, it indicates weakness in uptrend and trend reversal. Similarly the yellow arrows indicate weakness in downtrend and probability of upward move emerging.

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Attachments

  • fiji-bb-alert.zip
    3.1 KB · Views: 190

edakad

Active member
117 1
ATR Trailer EA VertexFX

Hello,

I have converted the ATR Trailer Expert Adviser to VertexFX client side VTL Script.

ATR Trailer is a client side VTL Expert Adviser. The EA opens a position when the EA is started on VertexFX client terminal. It then applies a stop loss based on ATR and ATR multiplier (default 3).

The stop loss is calculated as (entry price - ATR * ATR multiplier). Then as the trade progress, the stop loss is trailed, subtracting ATR stop loss from the maximum favorable level the price has reached. This continues until the stop loss is hit. When stop loss is hit, the EA opens new trade in the opposite direction to the closed trade, and ATR trailing stop loss is applied until stop loss is hit.

Hope this is useful to VertexFX terminal users.

More.......

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edakad

Active member
117 1
Advanced ADX Indicator VertexFX

Hello,

I have converted the Advanced ADX Indicator to VertexFX client side VTL Script.

Advanced ADX Indicator is a VTL client side script that provides better visual representation on ADX indicator. In traditional ADX Indicator, ADX indicates the trend strength and plus directional index (+DI) and minus directional index (-DI) determines the trend direction.

When plus +DI is above -DI, trend direction is up and when -DI is above +DI, trend direction is down. The bottom pane in chart is normal ADX indicator. The dotted lines represent +DI and -DI and continuous green line represents ADX.

Advanced ADX indicator is plotted in the middle pane. ADX values are plotted as a histogram. When trend direction is up (+DI above -DI), the histogram color is green and when trend direction is down (-DI above +DI), histogram color is red. Thus green histogram represents up trend and red histogram represents down trend and trend strength is indicated by the histogram height. This provides an easy visualization and interpretation of ADX.

ADX period can be customized with the parameter "ADXPeriod" in VTL script. Default value is 14 but users can change it to arrive at better period values.

http://www.hybrid-solutions.com/plugins/client-vtl-plugins/free/advanced-adx-indicator.html

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edakad

Active member
117 1
Buzzer Alert VertexFX

Hello,

Buzzer is a modification on moving average to identify trend direction. Normal moving average strategy is to buy when price is above moving average and sell when price is below moving average. However Buzzer works in a different manner. When the buzzer line is rising or flat after a rise, it indicates up trend and when buzzer line is declining or flat after a decline, it indicates down trend. The trading strategy with buzzer line is to buy when the line begins to rise and sell when the line begins to decline.

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Hope this is useful to vertexFX users.
 

Attachments

  • buzzer.zip
    3.2 KB · Views: 177

edakad

Active member
117 1
Elliot Wave Oscillator VertexFX

Hello,

The Elliott Oscillator is a 34 period simple moving average of prices subtracted from a 5 period simple moving average of prices displayed as a histogram above and below a zero line.

Elliot wave analysts can use Elliot wave oscillator for identifying the 5-3 wave structure of price moves. The most important concept about the Oscillator is that the highest/lowest point of the Oscillator is connected to the bullish/bearish Wave 3 of Elliot wave structure. Elliot wave analysis is very complex and difficult for many traders. However Elliot wave oscillator can be used for divergence trading. In the image, observe the divergence between price and the oscillator. After divergence, observe the emergence of a down trend.

This is a client side VTL script for VertexFX Terminal

More.............

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edakad

Active member
117 1
Leman Trend Alert VertexFX

Hello,

This is a client side VTL script for VertexFX Terminal

Leman Trend indicator tries to identify the trend direction by measuring price acceleration. For price acceleration, Leman trend uses 3 different periods. The

upward momentum of price is plotted as a green line and downward momentum as a red line.

When the upward momentum rises above downward momentum, (green line crossing above red line) trend direction is up and the opposite for down trend. The green

and red line cross over can be used for trading signals. When green line rises above red line, price is expected to trade higher and when red line rises above
green line, price is expected to trade down.

http://www.hybrid-solutions.com/plugins/client-vtl-plugins/free/leman-trend-indicator-and-alert.html

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edakad

Active member
117 1
Alligator Indicator VertexFX VTL

The alligator indicator consists of three displaced moving averages. They are called the alligator jaws, (blue line), teeth, red line and lips, green line. The jaws is 13 period moving average displaced by 8 bars forward, teeth is 8 period moving average displaced by 5 bars and lips is 5 period moving average displaced by 3 bars.

The alligator is a metaphor. When the three moving averages are entwined, the alligator is sleeping. This indicates a flat market. A trend begins when the alligator wakes up, that is, when the moving averages moves away, or widens. The green line moves fast followed by the red line and finally the blue line. This is the beginning of a trend. Better trades can be opened when a trend is identified.

Open buy position when the alligator lines start widening and trend direction is bullish. Open short positions when trend direction is bearish and alligator lines begin widening.

Normally the alligator indicator uses the default periods and displacements. However the indicator can be customized through the parameters located at the top of the script. To modify parameters, open the script in VTL editor by double clicking on the indicator name in Navigator and change the parameter values. The parameters are marked separately in the VTL script and properly commented.

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Attachments

  • Alligator.zip
    2.4 KB · Views: 160

edakad

Active member
117 1
FNCD VertexFX VTL

FNCD indicator is calculated by applying fisher transformation on price. The indicator value is plotted as a histogram, like MACD indicator. However it is more responsive to price changes.

The indicator can be used like other overbought oversold indicators like MACD, RSI etc. The histogram above zero indicates an up trend, and values below zero indicates a down trend. The white dotted line is cosidered as a signal line. When histogram is below the signal line, histogram color is red. Histogram color is green when histogram is above the signal ine.

When the FNCD indicator is below zero, histogram turning red after green bars can be taken as sell signal. For a buy signal, histogram turn to green above zero.

Extrem reading in the histogram indicates over bought or oversold conditions. This can be used for counter trend trades.


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Attachments

  • FNCD_Indicator.zip
    2.5 KB · Views: 163

edakad

Active member
117 1
SSL Channel Alert

SSL Channel Alert is a client side VTL Script. SSL Channel is calculated as moving average of highs and lows of the bar. This can be used for breakout trading.

The green line above red line indicates bullish market. In bearish market, the green line is below red line. Red line can be used as stop loss. A buy is triggered when green line crosses above red line and sell is triggered when green line crosses below red line.

In trending markets the indicator generates good signals, but in sideways market it may trigger choppy signals.

The indicator triggers an alert when trend change is identified.

Indicator can be customized through parameters. Open the VTL script in VTL editor and change the parameter values at the top of the script. Parameters are marked and commented properly for ease of use.

This is a client side VTL Script for VertexFX Terminal

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Attachments

  • ssl_channel_chart_alert.zip
    2.3 KB · Views: 166

edakad

Active member
117 1
Stochastic Cycle VertexFX

divergence between the indicator and price. The indicator plots the standard stochastic oscillator and marks the upward turning points with green dots and downward turning points with red dots. This gives added visual advantage while viewing the stochastic indicator.

The indicator can be customized to show how many bars to display the indicator in chart. Stochastic oscillator is used to identify overbought/oversold market conditions. It is also used to trade divergence between oscillator and price. The stochastic cycle indicator provides better visual representation with the dots marking the turning points.


Usually values above 70 is considered as overbought. When a red dot appears above 70, the interpretation is that the upward move is losing momentum. When it is below 30 and green dot appears, the down move is losing momentum. A divergence trade example is marked in the chart.

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Attachments

  • StochasticCycle.zip
    2.1 KB · Views: 169

edakad

Active member
117 1
Moving Average Ribbon VertexFX VTL

The Moving Average ribbon plots 2 moving averages on the chart. 1 - A fast moving average. 2 - A slow moving Average. The moving average periods as well as the averaging type can be customized with the parameters. The area between the 2 moving averages is called the ribbon.

When price is trading in the ribbon area, trend is losing momentum. Strong trends emerge when price breaks above or below the ribbon. The red and green arrows shows the moving average cross over. These can be used as moving average cross over signals. The moving averages can act as support or resistance. The parameters can be changed in the VTL Editor. Double click on the indicator name, and the script is opened in VTL editor. The parameters are placed at the top of the script file and properly commented for ease of use. The 2 moving average periods, moving average type (simple MA, Exponential MA, Time Series Ma etc) and price field to calculate moving average (open, high, low, close, avg. price etc.) are defined by the parameters.

The trend direction is determined by the position of the fast moving average in relation to the slow moving average. If fast moving average is above slow moving average, trend direction is up and "Buy" is displayed on chart. When fast moving average is below slow moving average, trend direction is down and "Sell" is displayed on chart.

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Attachments

  • MovingAverageRibbon1.zip
    3.7 KB · Views: 146

edakad

Active member
117 1
Dynamo Stochastics VertexFX

The Dynamo Stochastic is similar to Stochastic Oscillator, but it is a little more sensitive. It can be used for divergence trading like the stochastic oscillator. Oscillator values above 70 indicates overbought markets and price move is likely to loss momentum when oscillator breaks above 70. Oscillator below the 30 level indicates oversold market condition.


The Dynamo stochastic can be used like the Stochastic Oscillator. It can identify Oversold, Overbought market conditions. Divergence between price and the oscillator is a good indication of short term trend reversal.

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Attachments

  • DynamoStochastics.zip
    2.6 KB · Views: 174

edakad

Active member
117 1
Clear All Stop And take Profit

The Server Side EA removes all stop loss and take profit with open positions. It removes stop and take profit only once on start up of the expert adviser and then it remains idle. In effect the removal of stop loss and take profit happens when the E A is started and later stop loss and take profit entered in the trading terminal is not removed by the E A. It can be used to remove stop loss and take profit on your open positions instantly, especially when there is a lot of open positions. This is a handy tool to remove all stop loss and take profit instantly, when managing each order manually is difficult.

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Attachments

  • CearAllSLnTP.zip
    1.3 KB · Views: 159
 
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