Silver Trend Signal Pro

Silver Trend Signal is a powerful VertexFX client side VTL indicator that gives precise Buy and Sell signals, based on breakouts and market turn around.

It is based on the Silver Trend indicator. We first calculate the Highest High and Lowest Low of recent SSP candles. We then subtract the different between the Highest High and Lowest Low, multiplying it with the K factor (which is equal to RISK subtracted from 33) and divide this value by 100. The buy entry threshold is equal to Highest High minus this derived value. Similarly the sell entry threshold is equal to the Lowest Low plus this derived value. When the price closes above the buy entry threshold, a buy signal is generated. Likewise, when the price closes below the sell entry threshold, a sell signal is generated.

BUY – Place Buy position, when a Buy arrow signal is encountered at close of candle.
SELL – Place Sell position, when a Sell arrow signal is encountered at close of candle.

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:Program FilesCompany Namevtl10Local VTL Files
• Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.