Enhanced MACD

This VTL indicator is momentum-type indicator so you know how to buy or sell in the right time. You can use it to catch moving in trend market. The indicator use Stochastic, RSI to generate signal. This indicator uses Stochastic with periods 8,3,3 and RSI 3 cross RSI 13. it use a confirmation trend MACD cross zero. If both are crossing together then you shall view a signal to open position so all need is to open a position.

You can set SL to arrow of signal in the chart. And you can close position when you look opposite signal. While using the indicator you can see two messages in left of chart:
1- Condition Still Good: it means market momentum is keeping to right direction. So, you can keep position while you can keep seeing this message.
2- Overbought, don’t op but take profit: when market is overbought or oversold, you can see this message. It is good time to place take profit or start trailing to keep profit.

Please use it above 30min time frame to catch good moving.

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.