Flat Trend

Free

Developed By: NeeduVerdeSolution

In stock

Flat Trend is a powerful VertexFX client side VTL indicator that gives excellent entry and exit signals. The Flat Trend indicator is based on Parabolic SAR (PSAR) and the Average Directional Movement (ADX), Plus DI (PDI) and Minus DI (MDI) indicators. The concept behind this indicator is that the PDI and MDI indicators determine the primary trend, and the PSAR confirms the trend. In the first step we calculate the Parabolic SAR using a step of 0.02 and a maximum value of 0.20. In the next step we calculate the ADX, PDI and MDI over the PERIOD number of bars. The indicator comprises of four conditions – LIME, LIGHTGREEN, RED and PINK (SALMON).

(Downloads - 1833)

SKU: 930 Categories: ,

Flat Trend is a powerful VertexFX client side VTL indicator that gives excellent entry and exit signals. The Flat Trend indicator is based on Parabolic SAR (PSAR) and the Average Directional Movement (ADX), Plus DI (PDI) and Minus DI (MDI) indicators. The concept behind this indicator is that the PDI and MDI indicators determine the primary trend, and the PSAR confirms the trend. In the first step we calculate the Parabolic SAR using a step of 0.02 and a maximum value of 0.20. In the next step we calculate the ADX, PDI and MDI over the PERIOD number of bars. The indicator comprises of four conditions – LIME, LIGHTGREEN, RED and PINK (SALMON).

Lime:  When PSAR is below the Close and the PDI is greater than the MDI.
Light Green:  When PSAR is below the Close but the PDI is less than the MDI.
Red:  When PSAR is above the Close and the PDI is less than the MDI.
Pink/Salmon: When the PSAR is above the Close but the PDI is greater than the MDI.

Buy: Place Buy position at close of candle when indicator color is LIME. Place stop loss below nearest swing low. Exit position if indicator color turns PINK (SALMON), or alternatively keep a tight stop loss.

Sell: Place Sell position at close of candle when indicator color is RED. Place stop loss above nearest swing high. Exit position if indicator color turns LIGHT GREEN, or alternatively keep a tight stop loss.

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.

Additional information

Plugin-Type

Client VTL – Custom Indicator

Compatibility

Main Menu