Vortex with Alarm

The Vortex Indicator was inspired by the work of an Austrian inventor, Viktor Schauberger, who studied the flow of water in rivers and turbines. Etienne Botes and Douglas Siepman developed the idea that movements and flows within financial markets are similar to the vortex motions found in water. The Vortex Indicator was also partly inspired by J. Welles Wilder's concept of directional movement, which assumes the relationship between price bars gives clues as to the direction of a market.

This indicator could be used in different ways, but the main important one are:

  • Mean reverting mode: when the distance between the red and green line reduces, this could be a good indication that the price is going to return towards his average line
  • Trending mode: when red and green line crosses, this could be an indication that a new trend is going to start.


Indicators Parameters

  • Vortex Period: represent the main period of the indicator.
  • Alarm Presence: it sets the alarm on the platform when the two lines crosses each other.
  • Notification Presence: it send a notification when the two lines crosses each other.
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Indicators
Based on Vitali Apirin's idea, here is a momentum indicator that he describes as a tool to help traders determine the direction of a trend. If the green line is over the red line, the trend is upward; if the red line is over the green one, the trend is downward. The indicator is made up of two separate calculations: the HHs or higher high stochastic, and the LLs or lower low stochastic, which together comprise the HHLLs. Vitali Apirin uses ideas he discovered while studying the stochastic oscill
Double ST
Fabio Pacchioni
Indicators
This indicator is based on a combination of 2 different SuperTrend, a trend following indicator developed by Oliver Seban. You can find some implementation in the following pages: https://www.mql5.com/en/code/8268 https://www.mql5.com/en/code/10851 and others. Double ST indicator combines 2 different SuperTrends to have the trend direction at a glance. Simply insert the values for the 2 SuperTrends and you will see a ribbon with 3 different colors: red means that price is under both the SuperTre
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