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Vortex Indicator System - expert for MetaTrader 5

scratchman | English Русский 中文 Español Deutsch 日本語 Português

Published by:
Vladimir Karputov
votes: 22
2017.11.03 12:35
2018.06.26 14:55

The author of the idea: Neil, the mq5 code author: barabashkakvn.

A trading system based on the Vortex indicator signals.

Note In order to provide conditions for the EA operation, you should add the Vortex compiled indicator file to [data folder]\MQL5\\Indicators

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:

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