iTrend Pro
$0.00
Instantaneous Trend line (ITrend) is a powerful VertexFX Indicator to detect beginning and ending of trends with minimal lag. The iTrend indicator is considered to have a zero lag. It is considered better than the EMA as it has zero lag and responds faster to change in direction.
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Instantaneous Trend line (ITrend) is a powerful VertexFX Indicator to detect beginning and ending of trends with minimal lag. The iTrend indicator is considered to have a zero lag. It is considered better than the EMA as it has zero lag and responds faster to change in direction.
It compromises of two components – the iTrend indicator (Blue) which is a zero-lag filter and the trigger (Red) which is the complementary cycle oscillator. The rationale for the leading trigger is that adding the two-candle momentum to the current value in a trend is predicting where the iTrend will be two candles from now.
BUY – Place Buy position when blue line crosses above the red line.
Exit Buy if price crosses below both red and blue lines.
SELL – Place Sell position when blue line crosses below the red line.
Exit Sell if price crosses above both red and blue lines.
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.
Additional information
| Plugin-Type | Client VTL – Custom Indicator |
|---|---|
| Compatibility |