TrendPower – Custom Indicator
- SKU: 300
This client side VTL script will draw a custom indicator in a separate window on the chart. Indicators value shows the weighted average of singlans from three standard indicators.
First one is slow and fast EMA, second Comunity Channel Index and third one is average directional index ADX. User can set period of all indicators and thier weight.
When all of these indicators give buy singnal Trend Power will be maximum, and when all of them show sell singnal it will be minimum (or maxumum in negative side). With perfect weight and period setting this indicator can give a combined result of those three standard indicators.
- 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.
Client VTL – Custom Indicator