Watch how to download trading robots for free

Find us on Facebook!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Vortex_Difference.mq5 (11.62 KB) view

: Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Oscillator VORTEX difference displays as a histogram the difference between +VI and -VI of indicator Vortex.

For it to operate correctly, the availability of indicator Vortex is not required - the indicator calculates it independently.

It has one input parameter:

Calculation:

Diff = +VI - (-VI)

where:

+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)

Fig 1. Indicator Vortex difference

Fig. 2. Indicators Vortex Difference and Vortex

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21116

Vortex

Trend-following indicator Vortex.

TCI

Indicator TCI (Trading Channel Index).

A trading system based on the signals of indicator CaudateXPeriodCandle, enabling to maintain your positions within a fixed period of time.

Exp_XPeriodCandle

A trading system based on the signals of indicator XPeriodCandle.

Vortex_Difference - indicator for MetaTrader 5