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Published:

2018.11.20 12:49

Vortex_Trend.mq5 (22.33 KB) view

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Vortex Trend signal indicator. The indicator is based on Vortex indicator. It displays the colored diagram of the trend direction in a separate chart window.

There are five inputs:

Vortex period - Vortex indicator calculation period
Upper limit of the filtering range
Lower limit of the filtering range
Use Vortex smoothing - use smoothing of Vortex lines (Yes/No)
Smoothing - Vortex indicator lines smoothing period

Bullish trend (green signal pointers)
When the line +VI of Vortex indicator exceeds Upper limit of the filtering range (default is 110) and
When the line -VI of Vortex indicator is less than Lower limit of the filtering range (default is 90)

Bearish trend (red signal pointers)
When the line -VI of Vortex indicator exceeds Upper limit of the filtering range (default is 110) and
When the line +VI of Vortex indicator is less than Lower limit of the filtering range (default is 90)

In any other cases, it is considered that there is no trend (gray warning pointers)

If smoothing is enabled (Use Vortex smoothing = Yes), the indicator's smoothed SMA lines with 'Smoothing' period are taken into account.

Fig. 1. Vortex Trend

Fig. 2. Vortex Trend + Vortex

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23007

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