Download MetaTrader 5

Watch how to download trading robots for free

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

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

Indicators

Vortex_Difference - indicator for MetaTrader 5

Scriptor | English Русский 中文 Deutsch

Views:
132
Rating:
votes: 7
Published:
2018.07.09 13:49

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:

  • Period - Vortex indicator calculation period.

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 1. Indicator Vortex difference

Fig. 2. Indicators Vortex Difference and Vortex

Fig. 2. Indicators Vortex Difference and Vortex

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

Vortex Vortex

Trend-following indicator Vortex.

TCI TCI

Indicator TCI (Trading Channel Index).

Exp_CaudateXPeriodCandle_Tm_Plus Exp_CaudateXPeriodCandle_Tm_Plus

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

Exp_XPeriodCandle Exp_XPeriodCandle

A trading system based on the signals of indicator XPeriodCandle.