Zwinner Trend

Zwinner Trend is a VertexFX client side VTL indicator that gives precise Buy and Sell signals based on breakouts and market turn arounds. Zwinner Trend indicator is based on breakout strategy of Support and Resistance levels. The concept behind this indicator is that the market exhibits critical Support and Resistance levels, which when these levels are broken a change in direction of trend is expected.

Method of calculation of the indicator:
1. We calculate the Highest High value over the recent 7 candles.
2. We calculate the Lowest Low value over the recent 7 candles.
3. Then we then subtract the different between the Highest High and Lowest Low, multiplying it with the K factor (which is equal to RISK subtracted from 33) and divide this value by 100.

The buy entry threshold is equal to Highest High minus this derived value. Similarly the sell entry threshold is equal to the Lowest Low plus this derived value. When the price closes above the buy entry threshold, a buy signal is generated. Likewise, when the price closes below the sell entry threshold, a sell signal is generated.

Trading using this indicator:
BUY SIGNAL –
Place Buy Position when Green Buy arrow is displayed at the close of candle. Place stop-loss below the nearest Support level.
SELL SIGNAL –
Place Sell position when Red Sell arrow is displayed at the close of the candle. Place stop-loss above the nearest Resistance level.

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:ProgramDataVertexFX Client Terminals”Company name”VTL10Local VTL Scripts
• Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.