Derivative

Derivative is a VertexFX client side VTL indicator that consists of two lines. The indicator line (Green) and signal line (Red).

Traders can trade using this indicator, take a buy position when the green indicator line breaks through the signal line upwards or reflected from it when moving from top to bottom. and take sell when the sell signal is breaking through the signal line when moving the indicator line from top to bottom, or the reflection of the indicator line when moving from bottom to top.

You can use the indicator for both the opening and the closing of existing transactions. Indicator values are calculated using the following formula: Derivative=f (x) – f (x0)/(x -x0)
Where: x0 — current value of the argument, x — value of the argument to the right of the chart, f(x0) — value of the function at point x0, f(x) — value of the function at point х.

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.