AFIRMA

AFIRMA, Autoregressive Finite Impulse Response MA is a client side VertexFX VTL indicator. AFIRMA uses digital signal processing algorithm to produce a smoothed moving average that depicts trend without the lag associated with traditional moving averages. The time lag associated with moving averages is better eliminated by using AFIRMA. The slope of the AFIRMA indicator line shows the trend direction. When it is sloping up, an uptrend is prevalent and down trend is indicated by the downward sloping indicator line.

AFIRMA can be used to generate trading signals. Buy position can be opened when the AFIRMA begins to slope upward and the position can be closed when AFIRMA turns flat or turns downward. The opposite conditions can be used to open Sell position. AFIRMA can be used as trend filter in other strategies also. AFIRMA can be used together with other indicators to produce consistent entry signals. For example, When AFIRMA turns upward from a support level, buy position can be opened. This confirms price is reversing for support. Similarly, AFIRMA can be used at Resistance levels to open Sell positions.

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.