Buzzer Alert

Buzzer Alert is a client side VTL script. Buzzer is a modification on moving average to identify trend direction. Normal moving average strategy is to buy when price is above moving average and sell when price is below moving average.

However Buzzer works in a different manner. When the buzzer line is rising or flat after a rise, it indicates up trend and when buzzer line is declining or flat after a decline, it indicates down trend. The trading strategy with buzzer line is to buy when the line begins to rise and sell when the line begins to decline. The buzzer line is blue when it is in up trend and red when it is in down trend. Buy when the line turns blue and sell when the line turns red. It works best for scalping strategies, rather than trend following strategies with moving averages. The buzzer indicator triggers an alert message when trend change happens.

The alert functionality can be switched on/off with the “AlertOn” parameter. Other parameters are: “Price” – this selects the price field; open, high, low close, avg. price etc, to calculate the moving average. “Length” – moving average length.

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.