Vetex FX VTL Indicators & Scripts

edakad

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Outside Bar - VertexFX

Outside Inside Bar is a candlestick chart pattern where an inside bar is immediately followed by an outside bar. An inside bar is a bar with its high less than the previous bar high and low greater than its previous bar low. An outside bar is a bar with its high greater than its previous bar high and low less than its previous bar low. An outside bar indicates strong prices movement in both directions, up and down. Inside bar indicates lack of direction in price movement. Thus the Outside Inside Bar pattern indicates a temporary pause after a strong price move in both directions. This will lead to a breakout from the trading range marked by the inside bar.
See the chart attached. The pattern is marked in chart by the yellow up arrow below the inside bar of the pattern. Note that the prior bar is an outside bar.

Outside Inside Bar Trading Strategy:
When an outside bar inside bar pattern is formed, place a stop buy order few pips above the high of the inside bar and place a stop sell order few pips below the low of the inside bar. Opposite end of the outside bar can be used as stop loss. Trailing stop loss can be used to lock in profits as price moves in the direction of breakout. The chart attached shows the trigger level and stop loss placement for both buy and sell trades. The pattern generates better trades on higher time frame charts like four hour or daily chart.

 

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edakad

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Inside Bar Outside Bar

Inside Bar Outside Bar is VTL Client Side indicator to identify the Inside Bar and Outside Bar candle patterns. Inside Bar is a price bar with its high less than previous bar’s high and low greater than previous bar’s low. They are marked by the red arrows in chart. Outside Bar is a price bar with its high greater than previous bar’s high and low less than previous bar’s low. They are marked by the blue arrows in chart.
Inside Bar Trading Strategy
An Inside Bar means a contraction in price range or volatility. It is a pause in price movement and does not show any strength in price direction. This will lead to a breakout from this trading range.
Identify the trend direction and place a stop buy order few pips above the high of the inside bar if the trend is up. In down trend place a stop sell order few pips below the low of the inside bar. Stoploss is placed few pips beyond the opposite end of the inside bar.
Outside Bar Trading Strategy
An Outside Bar means a short term expansion in price range or volatility. It shows strength in both directions. Look for outside bar at a resistance or support level. When outside bar is formed at a resistance level, sell breakdown of the low of the outside bar. When outside bar is formed at a support level, buy breakout of the high of the outside bar. Stoploss is placed few pips beyond the opposite end of the inside bar.

 

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edakad

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101 0
Bollinger Bands High Low

Bollinger Bands High Low (BB HL) indicator is a finetuned version of the Standard Bollinger Bands indicator. Bollinger Bands defines and plots an upper band and lower band within which most of the price bars are confined. The calculation of Bollinger bands is based on a short term moving average that determines the trend. The upper and lower bands are two standard deviations away from the base moving average. Standard Bollinger Bands uses the closing price of each candle in its calculation. In this refined Bollinger bands High Low indicator, the upper band is based on the standard deviation of candle high and lower band is based on the standard deviation of candle low, instead of the candle close used in standard Bollinger bands. This makes the indicator more responsive to price moves and extreme levels are more accurate.
Trading Strategies
1. Bollinger Band squeeze. This might be the most common trading strategy with Bollinger bands. Bollinger band squeeze happens when the width of the band is the narrowest in recent times. This indicates a sideways trading or lack of volatility. Finally a volatility breakout will come and price will move in the breakout direction. This volatility breakout is identified by the expansion in band width.
2. Reversals at Bollinger Bands. Look for candlestick reversal patterns like engulfing bars and pin bars formed at the upper or lower band. In the chart below, a bearish pin bar is formed at the upper band. Trade bearish signals forming at upper band and bullish signals forming at lower band.
The Bollinger Bands High Low indicator can be customized through the parameters. You can change the Bollinger Band calculation period and Standard Deviation. To edit parameter values, open the VTL script in VTL Editor by right clicking on the indicator name in Navigator and select Edit. Parameters are located at the top of the script file. Edit them save, compile and attach to chart again for the new parameter values to take effect

 

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edakad

Active member
101 0
ATR Ratio - VertexFX Indicator

ATR Ratio (Average True Range Ratio) is a VertexFX Client Side VTL Indicator. It plots the ratio between a long-term ATR and a short-Term ATR. ATR is a measurement of market volatility, when the price trend is strong, ATR values rise and consolidation is marked by low ATR values. ATR ratio shows the present market volatility in relation to long term market volatility. It is calculated by dividing the short term ATR with Long term ATR. ATR Ratio above one indicates the current market volatility is higher.
How to Use ATR Ratio Indicator
The ATR ratio indicator does not generate trading signals, it is a confirmatory indicator. When a new trend begins, usually the indicator value climbs above one. Identify the direction of the trend from chart with the help of moving averages or trend lines and then initiate trades when the ATR ratio indicator climbs above one. The image shows a short trade setup. After a consolidation, price breaks below the moving average. As you can see in the area highlighted by vertical box, price remains below the MA and ATR ratio climbs above one. This is the ideal time to open a short trade.

When the ATR ratio falls below one and stays there, it is clearly telling that the trend has lost momentum. Open positions can be closed when this happens, and wait for the next breakout.

Parameters
ATR Ratio can be customized through the parameters. Long Term ATR Period and Short Term ATR period are defined by the parameters. Default values are 7 and 49. To change the parameter values, open the script in VTL editor by right clicking on the indicator name in navigator and select edit. The script is now opened in the VTL editor. Parameters are located at the top of the script file. Change the parameter values, save and compile. Apply again to chart for the new parameter values to take effect.

 

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edakad

Active member
101 0
VTL Auto trend line trader is a VertexFX VTL EA supporting VertexFX 10 and VertexFX 11.

Draw trend lines on the chart and then the Auto Trend Line EA trades the breakout of these trend lines. Attach the EA to the chart on which the trend lines are drawn. Enter the name of the Uptrend Line and Down Trend Line into the parameters. We usually buy on the breakout of a downtrend line and Sell on the breakout of an uptrend line. In parameters, the Down Trend line is named Buy Trend Line and Uptrend Line is named Sell Trendline. When the EA is attached to the chart, The EA takes control of the trend lines. The buy Trendline is marked with Green dots and Sell trend line is marked with red dots. The trend line is extended as new bars are formed in the chart. EA can manage the risk through stop loss, take profit and trailing stop loss etc.

vstore.co for more information

TrendLine.png
 

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edakad

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101 0
SupRes.png


VTL Support Resistance breakout EA open trade when a Support or Resistance level is broken. Enter the support and resistance level into the EA and open position when that level is broken. It can manage the risk through stop loss, take profit and trailing stop loss etc. When the EA is attached to the chart, it will draw the support and resistance levels in the chart. The green line is the support level and the red line is the resistance level. Breakouts are based on the bid price because this is the price usually displayed in the chart.

The EA has a built-in feature to limit trading time. This makes the EA able to auto trade only during London Session, US Session open etc. It helps in avoiding times when there is usually rangebound trading like the Asian session. Another key feature is the breakout level filter. Sometimes price just touches the support or resistance level and then reverse. To avoid such situations, the filter parameters add some pips to these levels. This makes the EA open a trade when the price is clearly trading above/below the levels.
 

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edakad

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101 0
Traders usually draw support and resistance lines on chart and when price reach these lines, they watch price action closely for breakout or reversal trade opportunities. When price is trading away from these levels, they are not much involved in watching price action. The Line Alert EA trigger an alert when price touches any horizontal line drawn on chart. Just attach the indicator to chart and wait. When any of these lines are touched, an alert window will popup on the desktop and a sound is played. When this Line Alert is on chart, no need to watch the chart continuously for price touching these levels. You can do other tasks, and when price comes to these levels, you are instantly alerted of which level price just reached.

find more at vstore.co
 

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edakad

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101 0
Digital Clock

Digital Clock Client Side VTL Script attach a clock to your chart. It can display the server time as well as the local time. When attaching to chart, two clocks will be displayed on chart. The golden color clock is the local time and the red color clock is Server Time. These clocks can be moved around the chart with mouse. If you want to display only one clock, then delete the other clock. The server clock synchronizes time with the VertexFX server every 10 seconds. The server time is the time displayed on the chart. The time on terminals bottom panel may be different depending on the GMT settings for your account.
 

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edakad

Active member
101 0
Bollinger Bands Stops.

Bollinger Bands stops is a trend following indicator. The green line indicates uptrend and red line indicates down trend. When price close above the red line, up trend begins. Buy Positions can be opened immediately or on a pull back to a support level in the new uptrend. The green line can be used as a stop loss. Similarly, when the red line appears, sell positions can be opened immediately or on pullback to resistance with the red line as stop loss. This indicator works best in trending markets, in consolidating markets signals may be not effective.
 

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FxPipser

Junior member
15 1
vertex is New platform for trading - better then mt4...i have tested this platform...looks interesting....need to try code something there. nice thread!
 

edakad

Active member
101 0
FireBird

Firebird is an indicator to identify the price spikes in the market. Firebird indicator first calculates a 10-period moving average, then shifts this moving average a certain percentage above and below the 10-period moving average. The shifted averages are drawn on chart as the red and green line. When price touches these lines, price spike is identified. Usually after a price spike, the trend reverses for some time. The indicator can be used to take advantage of this price behaviors. In daily chart usually the 10 period MA is shifted by 2 percent to form the price bands. On lower time frames like Hourly, Four Hour a smaller percentage price shift is used like 0.5% . The important consideration here is most of the price bars must be contained within the upper and lower bands.
When price reaches above the upper red band, a sell position is opened. When price reaches the lower green band, buy position is opened. Trades can be managed with proper stop loss and take profit. In the picture, Firebird indicator is attached to daily chart of EUR/USD with 2% shift on MA. Note that almost all price bars are within the price bands. And when price extends beyond these bands, price trend reverses and comes back into the bands.
 

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edakad

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101 0
FLAT TREND

Flat Trend Indicator identifies the prevailing trend in the chart. It plots a green histogram when the price is in an uptrend, in a downtrend it plots the red histogram and in sideways markets it plots a yellow histogram. With this indicator applied on the chart, trend identification can be easily done by looking at the indicator panel. The trend is identified by combining Parabolic stop and reverse indicator (PSAR) and ADX indicator. When PSAR is in buy mode and ADX is showing an uptrend, the trend is marked as up. When PSAR is in sell mode and ADX is showing downtrend, the trend is marked as down. All other situations are marked as a neutral trend. This indicator is useful to identify the prevailing trend in the market and traders can tune their system to take positions in the trend direction. Discretionary traders can use it to align their position in the trend direction. The RSI indicator is used to identify the overbought oversold situation in the market. However, in trending markets, going short when RSI indicates an overbought situation is not a good trade. With this Flat trend indicator, if the trend is flat and RSI reaches overbought, levels, opening a sell position has better chances of winning. Many traditional indicators performance can be improved by using Flat Trend indicator as a trade filter.

 

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edakad

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101 0
RSL

Levy’s Relative Strength Indicator (RSL) is used to identify the instruments showing strength and weakness. The concept of Relative Strength to Levy is based on the assumption that securities which exhibited a large relative strength in the past will also develop relatively strongly in the future, and conversely. RSL is used to create balanced long-short portfolios in trading portfolios. For Currency traders, RSL can be used to pick the currency pairs showing the highest strength and weakness. Traders create a portfolio of positions by buying stronger instruments and selling the weaker instruments.
The first step in creating a long-short portfolio is ranking all instruments based on their strength and weakness. Note down the RSL value of each currency pair at the start of the week or month. The pair that has the highest RSL value is the strongest one. The pair that has the lowest RSL value is the weakest one. Now open Buy positions on the top two stronger pairs and open sell positions on top two weaker pairs. Keep the positions open for the next week or month start. At the start of next week or month, again rank the instruments based on their RSL values and adjust the positions. This portfolio is hedged, market neutral and offer steady return over long periods of time.

 

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edakad

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101 0
Close All On Timer
Close all On Timer is a VertexFX EA that closes all open positions and limit orders at a stipulated time. In Forex markets news releases have a high impact on price volatility. Big price moves happen when some unexpected new release comes. Economic calendars like the one at Fxstreet.com gives in advance the time of important news release. Many traders close their open positions before such important news release events. This helps in avoiding getting trapped in price moves following the event. The close all on Timer EA is developed to smoothly handle such situations.
You enter the time to close all open positions in the EA and the EA take care of all positions. At the predefined time, the EA close all positions and limit orders. You can set up the EA in the terminal and walk away while the EA waits for the time to close all positions. The close time you enter in the EA is in your computer’s local time zone. It should be entered within double quotation marks. For example, if you need to close all positions at 2:28 PM, then enter the time as “14:28:00”. Note that the time is entered in 24-hour format. If the time entered is less than the present time, EA will close the positions the next day at that time. You can leave the positions open at night and close it in the wee hours while you are sleeping with this EA.

 

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edakad

Active member
101 0
Auto Trend Lines

Auto Trend Lines is a VTL Client-Side indicator to plot trend lines. It detects the peaks and troughs in the chart and then plot trend lines joining recent peaks for down trend line and the recent troughs for uptrend line. Trendlines are usually considered as strong support resistance levels. Traders can open buy positions when the down trend line is broken, and price remains above the trend line. Sell position can be opened when the uptrend line is broken, and price remains below the trend line.
The Auto Trend Lines VTL can be used to identify geometrical chart patterns like Triangles and Flags. Symmetrical Triangles, Ascending triangles and descending triangles can be easily identified. Up and down flags can be identified with help of this indicator. It can be used to identify many other chart patterns like trend channels, pennants etc.

 

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