Watch how to download trading robots for free
Find us on Telegram!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
Vortex_Trend - indicator for MetaTrader 5
- Views:
- 9358
- Rating:
- Published:
- 2018.11.20 12:49
- Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
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
Wick_Length
Wick length indicator
Time_Bar_Custom_WeeklyThe indicator plots one vertical line per day in a specified moment of time once per week