Instantaneous Trend-line Pro

Instantaneous Trend-line indicator is a powerful trending based VertexFX VTL Indicator that provides accurate entries and exits with minimal lag. The market consists of a trend mode and a cycle mode.

The Instantaneous Trend-line uses the trend mode and filters the cycle mode to generate the trading signals. It is calculated using the Hilbert Transform, and dominant cycle period is measured using the Homodyne Discriminator, then we average the price over the (integer) number of bars of the smoothed dominant cycle. Finally, this average is smoothed using a 4-bar WMA to generate the Instantaneous Trend-line. It has a lag of 2-3 bars, but produces excellent signals in trending markets, especially at the beginning of the trends.

BUY – Place Buy trade when indicator line turns Blue. Close Buy trade when indicator line turns Red.
SELL – Place Sell trade when indicator line turns Red. Close Sell trade when indicator line turns Blue.

Usage

• Download the attachment.
• Copy it to your company VertexFX  Local VTL Files folder i.e. C:Program FilesCompany Namevtl10Local VTL Scripts
• Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.