Gator VTL Indicator

Gator VTL Indicator is a useful tool for research and analysis of trend direction and reversal. When we get successive full green line in the indicator that show a potential for upward price move. On the other hand when we see full red line increasing one after another that indicates a strong down trend in price movement.

We use three moving averages to calculate values in this indicator named as Jaws, Teeth, and Lips. In input section you can set period and shift for each moving average.

Inputs:
1) Jaws Period – The period over which the jaws Moving Average is calculated.
2) Jaws Shift – The shift of jaws moving average to be used
3) Teeth Period – The period over which the Teeth Moving Average is calculated
4) Teeth Shift – The shift of Teeht moving average to be used
5) Lips period – The period over which the lips moving average is calculated
6) Lips Shift – The shift of lips moving average to be used

NOTE: Following correlations must be true:1.InpJawsPeriod>InpTeethPeriod>InpLipsPeriod;

2.InpJawsShift>InpTeethShift>InpLipsShift;
3.InpJawsPeriod>InpJawsShift;
4.InpTeethPeriod>InpTeethShift;
5.InpLipsPeriod>InpLipsShift. 

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.