WellxAMA

WellxAMA is a powerful VertexFX Client side VTL indicator based on Adaptive Moving Average.

It provides excellent trading opportunity especially useful in trend-following systems, and employs the concepts of digital filters. In the first step, we calculate the AMA (Adaptive Moving Average) based on the PERIOD_AMA. We then calculate the signal to noise ratio (SNR) based on the change in price on each candle, and smooth this SNR using the NFAST and NSLOW smoothing period. Finally, the WellxAMA is calculated based on the AMA and this smoothed SNR. The DK threshold is used to move the trailing stop upwards in up trends and downwards in down trends. The AMA indicator displays blue dots in bullish breakout, and yellow dots in bearish breakouts.

BUY – Place Buy position when candle closes above the blue dot. Set stop-loss to nearest support below the blue dot. Avoid entry if candle gaps up above the blue dot.
SELL – Place Sell position when candle closes below the yellow dot. Set stop-loss to the nearest resistance above the yellow dot. Avoid entry if candle gaps below the yellow dot.

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.