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Views:: 4673
Rating:: (12)
Published:: 2018.07.09 13:49

VORTEX.mq5 (10.94 KB) view

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This indicator was developed by Etienne Botes and Douglas Siepman. Indicator Vortex consists of two oscillators that display positive and negative trend movements, similar to lines +DI and -DI of indicator Average Directional Movement Index.

It has one input parameter:

Period - indicator calculation period.

Calculation:

+VI = 100 * svip / satr,
-VI = 100 * svim / satr

where:

svip = SMA(iVIP, Period)
svim = SMA(iVIM, Period)
satr = SMA(ATR, Period)
iVIP = Abs(High - PrevLow)
iVIM = Abs(Low - PrevHigh)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21115

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Vortex - indicator for MetaTrader 5