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BBMACD is a handy VertexFX client side VTL indicator that displays the Bollinger Bands and the MACD indicators scaled in a single indicator window.
This indicator is useful as it presents the MACD values, Bollinger Bands and the difference between the moving average in a single indicator window giving us an excellent side-by-side comparison of all three important trend and cycle indicators.
This indicator consists of six components which are displayed in the single indicator window.
(Downloads - 1594)
BBMACD is a handy VertexFX client side VTL indicator that displays the Bollinger Bands and the MACD indicators scaled in a single indicator window.
This indicator is useful as it presents the MACD values, Bollinger Bands and the difference between the moving average in a single indicator window giving us an excellent side-by-side comparison of all three important trend and cycle indicators.
This indicator consists of six components which are displayed in the single indicator window.
Gold | The upper and the lower Bollinger Bands. The upper value is calculated by subtracting the center band of the Bollinger Bands from the upper band of the Bollinger Bands. |
Red | The MACD signal indicator. It is the MACD_SIGNAL_PERIOD candle SMA of the difference derived by subtracting the MACD_SLOW_PERIOD candle SMA from the MACD_FAST_PERIOD candle SMA. |
Blue | The rising MACD indicator value denoting bullishness. |
White | The falling MACD indicator value denoting bearishness |
Aqua | The trend indicator. The trend indicator is calculated by subtracting the TREND_PERIOD candle SMA of the Median price from BB_PERIOD candle SMA of the Median Price. |
Note: | This signal does not provide any trading signals. It should be used in conjunction with other indicators to determine the market trend and the strength of the trend. |
Usage
- Download the attachment from vStore or directly from the vStore tab in your terminal by performing a right click on it and selecting Download & Install
- Copy it to your company VertexFX Local VTL Files folder i.e. C:ProgramDataVertexFX Client Terminals”Company name”VTL10Local VTL Scripts
- Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script
Additional information
Plugin-Type | Client VTL – Custom Indicator |
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Compatibility |
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