Stochastic RSI Pro
$0.00
Pro Stochastic RSI is a VertexFX VTL Indicator which is a combination of RSI and Stochastic, used to identify market turning points and cycles. It includes two segments, the primary sign (Blue) which is the stochastic value of the RSI indicator, and the trigger (Red) which is 1-bar postponement of signal line. The rationale behind the Stochastic RSI is when primary sign alters course (crosses the red line), market has turned the other way.
(Downloads - 1635)
Pro Stochastic RSI is a VertexFX VTL Indicator which is a combination of RSI and Stochastic, used to identify market turning points and cycles. It includes two segments, the primary sign (Blue) which is the stochastic value of the RSI indicator, and the trigger (Red) which is 1-bar postponement of signal line. The rationale behind the Stochastic RSI is when primary sign alters course (crosses the red line), market has turned the other way.
Stochastic RSI indicator is figured in three stages. Firstly, Verdo Stochastic RSI compute RSI uses RSI_PERIOD. Secondly, Verdo Stochastic RSI calculates stochastic of this RSI over STOCH_PERIOD. At last, Verdo Stochastic RSI applies a WMA to this stochastic over WMA_PERIOD. Due to the three steps involved, this indicator introduces a slight lag, but it provides excellent signals over trends of longer duration.
BUY – Place Buy position when Blue line closes above Red line and both lines are below zero level. SELL – Place Sellposition when Blue line closes below RED line and both lines are above zero level.
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 |