A trading system based on the Vortex indicator signals.
A Note from the Author:
In the article "The Vortex Indicator" published in the January issue (2010) of the "Technical Analysis of Stocks & Commodities" magazine, the authors suggested a trading idea in the form of a reversible system with the following filter of entries: a buy or sell operation is only performed in case of a breakout of High/Low of bars, in which the intersection of Vortex was registered.
When VI+ crosses VI- upwards, it is a potential buy signal, but you should not enter the market until the price exceeds the High of the bar, on which the lines crossed. Likewise, when VI- crosses VI+ downwards, it is a potential sell signal, but you should not enter the market until the price falls below the Low of the bar, on which the lines crossed.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/19137
A library for creating icons in the Windows taskbar and for sending text alerts. The use of this library will help you make your MQL programs more informative.Momentum YTG
The Momentum indicator implemented in the form of a color histogram.