Vetex FX VTL Indicators & Scripts

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Vlado - VertexFX Server Side EA

Vlado is a server side VTL expert adviser. The EA runs on the server auto trading even if the client terminal is closed. This is a unique feature available in VertexFX. Vlado EA is based on Williams percent R indicator. Williams %R is an oscillator, showing overbought oversold market conditions. It oscillates between 0 and -100. %R readings above -50 indicates uptrend and reading below -50 indicates down trend.
A long term Williams %R is used in the Vlado EA. The system open Buy trade when %R is cross above -50 levels and open sell position when %R goes below -50 level. Thus the EA trades long term trend reversal using Williams %R indicator. Position sizing is based on a percentage of account capital risked on each trade.
The EA is customized through the parameters. To change parameters, open the VTL script in VTL editor. Parameters are located at the top of the script. Each parameter is documented in the script for ease of use. The Williams %R period is defined by the parameter “WPR Len”. The %R level for buy and sell is defined by the parameter “WPR Level”. Parameter “Maximum Risk” determines the percentage of capital to risk on each trade. Its default value is 10%.
To run the EA on the server, open the EA in VTL editor and click the Run button. This will save the EA to the server and start it on the server.

 

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Bulls Vs Bears

Hello
Bulls Vs Bears is a Client Side VertexFX VTL Indicator. The indicator shows the underlying strength in price moves. It plots two lines on the indicator pane, the green line is the Bull Power and red line is the Bear Power. Bull power is calculated as the distance between the high of the bar from a 14 period moving average. Bear Power is the distance between the low of the bar and the 14 period moving average. When the bull power line is above the bear power line, an uptrend is in place. For a down trend the bear power line is above the bull power line. Trading signals can be generated with the crossover of bull power and bear power lines. When the bull power crosses above bear power, buy positions can be opened and vice versa for sell position. However, it is better to use the Bulls Vs Bears indicator in confirmation with other indicators.
The chart attached shows the indicator picking the uptrend and down trend with crossover of bull and bear lines. However, note that in sideways markets, the indicator generates choppy signals. The moving average period can be adjusted through the parameter “BBperiod” at the top of the script file. Use this indicator together with other indicators to generate solid trading signals.
 

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GMMA - Long

Guppy Multiple Moving Average – Long is Client Side VTL Indicator. Guppy Multiple Moving Averages (GMMA) Long is used to identify the long term trend in the instrument. It is a set of six exponential moving averages of period 30, 35, 40, 45, 50 and 60. When all the moving averages are sloping upward, a long term uptrend is in place and in a down trend, all the six moving averages slope downward.
GMMA Long can be used as trend filter as well as to generate trading signals. In trading ranges, the averages are placed close together, when the trend is strong, they depart from each other and slope in the direction of the trend. Buy signals can be generated when price is trading above all the averages and the averages slope upward. Opposite situation can be used to generate sell signals. The image attached illustrates the behavior of the GMMA Long in trading ranges and trends. In strong trends, the zone marked by the averages acts as support or resistance. This can be used to enter pullback trades.

 

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KI Signals

Ki Signals is a VTL Client Side Indicator. It finds the trend reversal with the aid of moving averages and plots up and down arrows when Ki Signals indicator identify trend reversal. It calculates two moving averages, fast and medium term of periods 3 and 10. Then it calculates a comparatively longer term (16) exponential moving average of the difference between fast and medium term moving averages calculated in first step. When the longer term EMA cross above zero, it plots an up arrow showing trend is turning upward and when it cross below zero, it plots a down arrow indicating trend is turning down. Ki Signals is similar to MACD indicator in construction but the logic is different.
Ki Signals indicator can be used to generate trading signals or it can be used as a trend filter. In trading ranges, it will produce false signals as the case with technical analysis indicators. Use it together with other filters to avoid false signals.
The Ki Signals can be customized through the parameters. To change parameter values, open the VTL script in VTL editor and the parameters are located at the top of the script file. This part of the script file is well documented for ease of use. Available options are Fast, Medium and Slow EMA periods.

 

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MA My

MAMy is a VTL client side indicator to identify the beginning of short term changes in trend. It is based on the relationship between Moving Averages of close, open and weighted close. It plots two lines on the indicator pane, the green line showing change in trend and the red line, which can be used a signal line. The green line is fast responsive to changes in short term trend. When it spikes above zero level, a new uptrend is identified. When it spikes below zero level, new down trend is identified. Green line above red line indicates uptrend and green line below red line indicates down trend. MAMy identifies short term trend reversal, so it must be used with filters that identify overall trend direction and signals against the overall trend must be ignored. A Moving average can be used as trend filter and buy signals should be taken only when the green line spikes above zero level. See image attached.
The green line at zero level indicates short term consolidation or trading range. MAMy is useful to generate entry signals with green line spikes when it is used together with other indicators. It is also useful to exit trades when the short term consolidation starts as the green line move to zero levels. It generates many false signals, but when a proper trend filter is applied, it generates good entry signals.
 

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MNL Price Indicator

MNL Price Indicator is a price action based short term trend indicator. It is calculated based on the short term price moves over a period of three bars. This indicator is quickly responsive to changes in trend over a few bars in chart. The red line indicates the trend direction as well as the trend strength. When it is above zero, trend is up and higher values indicate strength in the uptrend. When it is below zero, trend is down and lower values indicate strength in down trend. The teal color line is an average of the red line and can be used as a signal line. When red line cross above teal line, trend has confirmed to be upward and vice versa.
MNL Price Indicator being quickly responsive to fast changes in short term trend, must be used with trend filters. Otherwise it will generate many false signals. A 50 period moving average can be used as a trend filter. Buy signals are valid when price is above the trend filter MA and sell signal must be ignored. See Image attached.
The Indicator can be customized through the parameters. Parameters are located at the top of the script file. Open the script in VTL editor and modify parameter values. This part of the script is well documented for ease of use.
 

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Slope Direction Line

Slope Direction Line is a Client Side VTL Indicator. It shows the slope direction of price moves. Slope is a statistical measure showing the angle of price moves. The indicator plots a line showing the slope of the price move in last ten bars by default. When the line color is white, the trend direction is up and red line indicates down trend. This is useful in identifying trend direction automatically. The change in slope direction can be used as entry signals in trading. It can be used as trend filter in trading systems also. When a persistent uptrend or down trend is identified by the slope direction line, by the slope direction remains in the same direction for a few bars, traders can expect continuation of price move in that direction and can open new positions. Exits can be made when the slope direction changes.
The indicator can be customized through the parameters. To change parameters, open the script in VTL editor. Parameters are located at the top of the script and well documented. Available options are slope calculation period, moving average type to use in slope calculation and price filed to apply the slope calculation.
 

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MACD Vs Signal

MACD Vs Signal is a Server Side VTL expert adviser. EA trades the standard MACD line crossing MACD signal line. The EA open Buy position when the MACD line cross above the Signal Line and open Sell position when MACD line cross below Signal line. The EA applies a stop loss and take profit to open positions defined by the parameters stop loss and Take profit. It will apply a trailing stop loss also, if parameter trailing stop loss value is set above zero. The EA open only one position at a time. This EA demonstrates the methodology to create fully operative server side expert advisers with VTL. This can be further fine-tuned to make it a better EA. Trader can run it around volatile market times like first hour of London session open time or US session open.
The EA is intended for demonstrative purpose. Before starting the EA on the server, trader must set the parameters. To set parameters, open the script in VTL editor, parameters are located at the top of the script file. Set the stop loss, take profit, trailing stop loss and lot size to trade. Parameter Symbol defines the symbol to trade. Chart period defines the periodicity of the chart on which the EA is to be applied. The EA can be run on the server by clicking the Run button in VTL editor. Once started, it will run on the server until the trader stops it.
 

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Trend Scalp - VertexFX

Trend Scalp is a Client Side VTL indicator for scalping. It identifies the short term trend in the underlying instrument. Trend is identified based on price action. The indicator calculates trend direction by measuring the relative position of last bars high and low within the ranges of last 15 bars high low range. Then it plots the trend scalp indicator (red line). When it is rising above the zero level, strong uptrend is present and in strong down trend, the red line is below zero and falling downward. The aqua color line shows the trend direction. It is either +100 or -100, when it is +100, trend direction is upward, and when it is -100, trend direction is down.
The indicator applied to shorter time frames, it will work as a scalping indicator. Scalping is when the trader focuses on a few pips profit from fast trades. When trend direction changes to upward, the trend direction line, aqua colored line, flips to +100 from -100, trader can open buy position. Sell position is opened when the trend direction line flips to -100 from +100. Traders can apply a tight stop loss of about 10 pips and expect similar take profit levels. Also Buy position can be opened when trend scalp line is rising and above zero. It is better used in discretionary trading and the trend scalp indicator provides a good view of trend direction as well as trend strength.
Trend Scalp indicator can be customized to suit each symbol and time frame. To change parameter values, open the script in VTL editor. Parameters are located at the top of the script file and well documented. Experiment with different combinations of parameter values to pick the best values for the symbol and time frame.
 

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RSI Adaptive moving average

RSI adaptive moving average is a client side VTL indicator. Adaptive Moving Averages changes its sensitivity to price fluctuations. The Adaptive Moving Average becomes more sensitive during periods when price is moving in a certain direction and becomes less sensitive to price movement when price is volatile. RSI adaptive moving average uses the Relative Strength Index (RSI) in the calculation of adaptive smoothing of price. RSI being a momentum indicator, the RSI adaptive moving average is responsive to trending price moves. When the trend is strong, price will move above or below the RSI adaptive moving average, and when price momentum diminishes, the adaptive moving average moves close to price action. Thus the RSI adaptive moving average clearly shows phases strong trend and consolidation. Traders can open trades when the emergence of a strong trend is identified by price moving away from the RSI adaptive moving average. Profits can be locked in when price comes back to the moving average.
Traders can open Buy position when price moves above RSI adaptive moving average and the price bars remain above the average. Profit can be booked when the price bars comes back to the moving average and begins to trade above and below the moving average. The opposite conditions can be used to open Sell positions.
RSI adaptive moving average can be customized through the parameters. To change the parameter values, open the VTL script in VTL editor. The option available is RSI period. Enter the new parameter value, compile the script and attach it chart again.
 

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Anchored Momentum

Hello
Anchored Momentum is a modified momentum Oscillator. It is calculated after smoothing the price with moving averages. Thus it anchors the momentum to a moving average, unlike other momentum indicators that anchor the price to n bars back reference point. It oscillates above and below the zero line. This indicator is mainly used to open buys when Anchored Momentum crosses above the level zero. A reverse situation is suitable for sells; the sells should be opened if the indicator below the level zero. It is better to confirm the signals with other indicators before opening positions. The zero line cross over may produce many choppy signals. Many such random cross overs can be eliminated by using a buffer zone around the zero line, usually -0.2 to 0.2.
Divergence between Anchored Momentum and price is a good signal. When the indicator is rising from the lows below zero level and price is declining to new lows, price reversal is likely to happen immediately. When the indicator line begins to decline above zero level and price is still rising to new highs, there is high probability that the upward price move is losing steam and a reversal is imminent.
The parameters in the indicator are momentum calculation period, smoothing period. Default values for momentum period is 11 and smoothing period is 6. The level at which a horizontal line is to be plotted can be set in the parameter level. Parameters are edited in the VTL editor.
 

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High Low Range Oscillator

Hello,
High Low Range Oscillator is VTL Client Side Indicator. It is an improvement on the stochastic oscillator. It uses the median price in its calculations instead of the closing price used by stochastic oscillator. This makes the oscillator more sensitive to tail formations in charts. Like the stochastic oscillator, High Low range oscillator also oscillates between 0 and 100. HLR oscillator shows the overbought oversold market conditions. Values above 80 level is usually considered as oversold and overbought level is below the 20 level. Oscillator value above zero is taken as uptrend and below zero is taken as down trend.
The HLR oscillator is used to generate trading signals in a variety of methods. When price is over bought or oversold, there is high probability that a price reversal will follow. This can be confirmed with other indicators and counter trend positions can be opened. The oscillator crossing the middle line 50 from below it can be taken as a buy signal and opposite cross over can be taken as a sell signal. More reliable signals are the divergence between price and the oscillator. When price makes a new high but the oscillator is declining from its highs, it is clear indication that price reversal is imminent. The opposite situation, price making new lows but oscillator rising, odds favor the end of the down trend.
The parameter HLR Range is the period for the indicator calculation; its default value is 40. Parameter values are set in the VTL editor.
 

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MRO 2 VertexFX Indicator

Hello,
MRO 2 is a client side VTL indicator. MRO2 is a volatility indicator, more responsive to quick changes in volatility. Sudden changes in volatility indicates change in the prevailing market sentiments. Sharp rise in the indicator value shows these sudden changes in volatility. This information can be adapted to the trading strategies to make them refined.
MRO 2 can be used to identify valid breakouts. When a break out happens, if MRO 2 indicator rises to a higher reading, chances are the breakout successful. Lower indicator values imply a smooth sailing market. This information is useful in placing stop loss. When the indicator is at lower levels, tight stop losses can be safely used.
The indicator can be customized with the parameters. Parameter, MRO Period is the indicator period. This is the only parameter available with MRO 2 indicator. The parameter value is changed in the VTL editor.
 

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i Bands Price - VertexFX Indicator

i Bands Price is a momentum oscillator. Its construction is different from usual momentum oscillators like RSI and stochastics. This is based on the price deviations away from a moving average of price. The I Bands oscillator oscillates between 0 and 100. Values above middle line 0.50 implies up trend and in a down trend the indicator remains below the middle line. Values above 0.75 is considered overbought and values below 0.25 is considered over sold.
When the indicator shows oversold markets, wait for other indicators to confirm a price reversal and open buy position. The indicator crossing the middle line, 0.50 level, can be used as a buy signal and crossing below the middle line can be used as a sell signal. But these signals must be confirmed by other indicators. The indicator generates the best signals when there is divergence between the indicator and price. When price makes new highs, but the indicator fails to rise to new highs, is clear indication the trend is ending. When price makes new lows but the indicator begins to rise from lower levels, it is clear indication that down trend is ending.
The indicator has few parameters. Bands Period determines the period for indicator calculation, default value is 20. Bands shift decides the forward displacement of indicator values, 0 means no shifting. Bands deviations the standard deviation to be used in measuring price deviations from the moving average. Slow is the smoothing period. The parameter values are changed in the VTL editor.
 

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SM ATR - VertexFX Indicator

Hello,
SM ATR is a smoothened Average True Range indicator. SM ATR uses the T3 adaptive smoothing in its calculation instead of the normal moving average smoothing in ATR calculation. SM ATR measures the volatility. SM ATR is not a directional indicator, such as MACD or RSI. Instead, SM ATR is a unique volatility indicator that reflects the degree of interest or disinterest in a move. Strong moves, in either direction, are often accompanied by large ranges, or large True Ranges. This is especially true at the beginning of a move. Uninspiring moves can be accompanied by relatively narrow ranges. As such, ATR can be used to validate the enthusiasm behind a move or breakout.
SM ATR can be used to confirm price breakouts and trend reversals. A bearish support break with an increase in SM ATR would show strong selling pressure and reinforce the support break. A bullish reversal with an increase in SM ATR would show strong buying pressure and reinforce the reversal. SM ATR can be useful in determining stop loss levels also. When the ATR is higher, large stop loss must be used to stay in the trade.
Parameters used in the SM ATR indicator are ATR period, t3 smoothing period and smoothing factor b. Default ATR period is 14. Parameter values are modified in the VTL editor.
 

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