TS-Osc

TS-Osc is a VertexFX client side VTL Oscillator based on the changes in closing prices. It is a powerful indicator for determining changes in trends.

TS-Osc indicator comprises of two components, the main TS-Osc (BLUE) and the Signal (RED) component. To calculate the TS-Osc, we first calculate the differences between the current and previous close, and similarly the absolute difference between the current and previous close. EMA (Exponential Moving Average) of the above two differences for the R_FIRST duration is calculated. We again calculate the EMA of the calculated EMAs for R_SECOND duration. The ratio of this EMA to that of the absolute EMA is multiplied by 100 and this value is the TS-Osc. The Signal component is the SIGNAL_PERIOD exponential moving average of the TS-Osc.

BUY – Place Buy position when Blue (TS-Osc) closes above Red (Signal) from below. Both indicators must be below zero level. When both indicators are below -50, it indicates a strong bullish trend is due.
SELL – Place Sell position when Blue (TS-Osc) closes below Red (Signal) from above. Both indicators must be above zero level. When both indicators are above +50, it indicates a strong bearish trend is due.

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.