Trend Arrows
$0.00
Trend Arrows indicator is a VertexFX client side VTL indicator. Trend Arrows Indicator is built on the chart lines of support and resistance and draws the suuport and resistance lines as arrows. When there is a descending trend, the indicator only draws the resistance line (red arrows), and an upward support line (green arrows) is drawn if there is a ascending trens. If the price of a financial instrument is approaching the level of support or resistance and hit it on the current bar then it is a signal to buy or sell.
(Downloads - 1815)
Trend Arrows indicator is a VertexFX client side VTL indicator. Trend Arrows indicator is built on the lines of support and resistance and draws the support and resistance lines as arrows on the VertexFX chart.
When there is a descending trend, the indicator only draws the resistance line (red arrows), and (green arrows) is drawn if there is a ascending trend. If the price of a financial instrument is approaching the level of support or resistance and hit it on the current bar then it is a signal to buy or sell.
Confirmation of order placing will be according to the next arrow to be drawn, which will confirm the current trend, or will indicate that the market situation has changed. The indicator can be used to trade Binary Options, Trend Arrows indicator has two input parameters:
– limit (default = 500) – the number of bars in history,
– iPeriod (default = 15) – the number of bars of a financial instrument is used to calculate the indicator.
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 |
|---|---|
| Compatibility |