Average Directional Movement Index

Description

AverageDirectionalMovementIndex is a VTL client script script that will open buy market order when indicators value greater then indicator “+Di” value. And vice versa for sell. Close the desired ticket based on its profit or loss. You can define the parameters as follows:

1- TakeProfit: The Profit amount to close on, default value is 40

2- StopLoss: The Loss amount to close on, default value is 20

3- Lots: This parameter can be defined as well to close the position partially, default value is 1

4- ind1Period: Period of indicator AverageDirectionalMovementIndex, default value is 14

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.