Aroon Up Down

Aroon Up and Down is a VertexFX client side VTL indicator that determines the local peaks and troughs on the chart to which it is attached to. The value of the red line of the indicator should be used for sales orders. The value of the green line of the indicator is used for buy orders.

When the red indicator line has a minimum value, then traders need to close the sell order. When the green line has a maximum value then traders need to close the buy order. Crossing the green and red indicator line is a signal to open orders. Buy and sell signals are displayed on the chart as arrows.Blue arrows are signals to buy and red arrows are signals for sell.

Input parameters:
-AroonPeriod (default = 14) – period in bars for forex indicator, where it will look for peaks and troughs. As with many other indicators, the higher the period, the lines appear smoother and less than the period, the greater the signal generated.
-UseAlert (default = 1) – this parameter can be set to 1 or 0. If true (1), the signal on the intersection of the indicator lines will be displayed on the graph up and down arrows.
-Const limit (default = 300) – It determines the number of bars on which to build 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.