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Showing results for tags 'vertexfx indicator'.
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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 the desired period. When the value of Smoothed WPR is falling it indicates a bearish trend. When the value falls below -80 and starts reversing (or moves sideways), then oversold trend is nearing completion and the market should turn from bearish to neutral or bullish. Similarly, when the value of Smoother WPR is rising it indicaters a bullish trend. When the value rises above -20 and starts reversing or exhibits sideways movement, then it can be inferred that the bullish market is nearing completion. It is very likely that the market will turn sideways or bearish soon after this event. BUY / EXIT SHORT - It is recommended to enter a LONG position (or exit SHORT) when the Smoothed WPR is below -80 and starts moving sideways or upwards. SHORT / EXIT LONG - It is recommended to enter SHORT position (or exit LONG) when the Smoother WPR is above -20 and starts moving sideways or downwards. smoothed wpr.vtl
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 dollar, the Japanese yen, the Swiss franc, the British pound and the Swedish kroner. A rising EURX index implies that the Euro is gaining strength against other currencies, and a falling EURX index implies the Euro is weakening against the other currencies. Therefore, we buy when the EURX is rising and sell when EURX is falling. The short term moving average provides a reference as to when to buy or sell the Euro based on the EURX indicator. BUY : Enter a BUY trade in any of the Euro denonimated currencies, namely EURUSD, EURGBP, EURCHF, EURJPY or EURSEK when the EURX indicator crosses above its short term moving average. SELL : Enter a SELL trade in any of the Euro denominated currencies, namely EURUSD, EURGBP, EURCHF, EURJPY or EURSEK when the EURX indicator crosses below its short term moving average. EURX.vtl
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. FireBird.zip