XMA

XMA is a VertexFX Client side VTL indicator that’s based on two Moving Averages (MA), and has a digital filter to detect market trend.

When the price is trending, the XMA indicator is sloping upwards (uptrend), or sloping downwards (downtrend). When the price is sideways, the XMA indicator is sideways and we recommend avoiding entering the market at such scenarios. To calculate the XMA, we first calculate the Moving Averages (MA), and compare the first Moving Average with the previous value of the second moving average. If the difference between the two is above the POROG threshold, then the XMA is equal to the second moving average, otherwise it equals the previous value of the XMA. This enables the XMA to detect trending markets.

BUY – Place Buy position when candle closes above the XMA indicator and the XMA is moving upwards. Place Stop Loss (SL) at support — below the XMA indicator. Note: -Do not Place Buy position trade if candle gaps above XMA.
SELL – Place Sell position when the candle closes below the XMA indicator and the XMA is moving downwards. Place Stop Loss (SL) at resistance above the XMA indicator. Note: -Do not Place Sell position if candle gaps below XMA.

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.