Vetex FX VTL Indicators & Scripts

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Buzzer Alert VertexFX

Hello,

Buzzer is a modification on moving average to identify trend direction. Normal moving average strategy is to buy when price is above moving average and sell when price is below moving average. However Buzzer works in a different manner. When the buzzer line is rising or flat after a rise, it indicates up trend and when buzzer line is declining or flat after a decline, it indicates down trend. The trading strategy with buzzer line is to buy when the line begins to rise and sell when the line begins to decline.

Hope this is useful to vertexFX users.

 

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Elliot Wave Oscillator VertexFX

Hello,

The Elliott Oscillator is a 34 period simple moving average of prices subtracted from a 5 period simple moving average of prices displayed as a histogram above and below a zero line.

Elliot wave analysts can use Elliot wave oscillator for identifying the 5-3 wave structure of price moves. The most important concept about the Oscillator is that the highest/lowest point of the Oscillator is connected to the bullish/bearish Wave 3 of Elliot wave structure. Elliot wave analysis is very complex and difficult for many traders. However Elliot wave oscillator can be used for divergence trading. In the image, observe the divergence between price and the oscillator. After divergence, observe the emergence of a down trend.

This is a client side VTL script for VertexFX Terminal

More.............

 

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Leman Trend Alert VertexFX

Hello,

This is a client side VTL script for VertexFX Terminal

Leman Trend indicator tries to identify the trend direction by measuring price acceleration. For price acceleration, Leman trend uses 3 different periods. The

upward momentum of price is plotted as a green line and downward momentum as a red line.

When the upward momentum rises above downward momentum, (green line crossing above red line) trend direction is up and the opposite for down trend. The green

and red line cross over can be used for trading signals. When green line rises above red line, price is expected to trade higher and when red line rises above
green line, price is expected to trade down.

http://www.hybrid-solutions.com/plugins/client-vtl-plugins/free/leman-trend-indicator-and-alert.html

 

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Alligator Indicator VertexFX VTL

The alligator indicator consists of three displaced moving averages. They are called the alligator jaws, (blue line), teeth, red line and lips, green line. The jaws is 13 period moving average displaced by 8 bars forward, teeth is 8 period moving average displaced by 5 bars and lips is 5 period moving average displaced by 3 bars.

The alligator is a metaphor. When the three moving averages are entwined, the alligator is sleeping. This indicates a flat market. A trend begins when the alligator wakes up, that is, when the moving averages moves away, or widens. The green line moves fast followed by the red line and finally the blue line. This is the beginning of a trend. Better trades can be opened when a trend is identified.

Open buy position when the alligator lines start widening and trend direction is bullish. Open short positions when trend direction is bearish and alligator lines begin widening.

Normally the alligator indicator uses the default periods and displacements. However the indicator can be customized through the parameters located at the top of the script. To modify parameters, open the script in VTL editor by double clicking on the indicator name in Navigator and change the parameter values. The parameters are marked separately in the VTL script and properly commented.

 

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FNCD VertexFX VTL

FNCD indicator is calculated by applying fisher transformation on price. The indicator value is plotted as a histogram, like MACD indicator. However it is more responsive to price changes.

The indicator can be used like other overbought oversold indicators like MACD, RSI etc. The histogram above zero indicates an up trend, and values below zero indicates a down trend. The white dotted line is cosidered as a signal line. When histogram is below the signal line, histogram color is red. Histogram color is green when histogram is above the signal ine.

When the FNCD indicator is below zero, histogram turning red after green bars can be taken as sell signal. For a buy signal, histogram turn to green above zero.

Extrem reading in the histogram indicates over bought or oversold conditions. This can be used for counter trend trades.

 

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SSL Channel Alert

SSL Channel Alert is a client side VTL Script. SSL Channel is calculated as moving average of highs and lows of the bar. This can be used for breakout trading.

The green line above red line indicates bullish market. In bearish market, the green line is below red line. Red line can be used as stop loss. A buy is triggered when green line crosses above red line and sell is triggered when green line crosses below red line.

In trending markets the indicator generates good signals, but in sideways market it may trigger choppy signals.

The indicator triggers an alert when trend change is identified.

Indicator can be customized through parameters. Open the VTL script in VTL editor and change the parameter values at the top of the script. Parameters are marked and commented properly for ease of use.

This is a client side VTL Script for VertexFX Terminal

 

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Stochastic Cycle VertexFX

divergence between the indicator and price. The indicator plots the standard stochastic oscillator and marks the upward turning points with green dots and downward turning points with red dots. This gives added visual advantage while viewing the stochastic indicator.

The indicator can be customized to show how many bars to display the indicator in chart. Stochastic oscillator is used to identify overbought/oversold market conditions. It is also used to trade divergence between oscillator and price. The stochastic cycle indicator provides better visual representation with the dots marking the turning points.


Usually values above 70 is considered as overbought. When a red dot appears above 70, the interpretation is that the upward move is losing momentum. When it is below 30 and green dot appears, the down move is losing momentum. A divergence trade example is marked in the chart.

 

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Moving Average Ribbon VertexFX VTL

The Moving Average ribbon plots 2 moving averages on the chart. 1 - A fast moving average. 2 - A slow moving Average. The moving average periods as well as the averaging type can be customized with the parameters. The area between the 2 moving averages is called the ribbon.

When price is trading in the ribbon area, trend is losing momentum. Strong trends emerge when price breaks above or below the ribbon. The red and green arrows shows the moving average cross over. These can be used as moving average cross over signals. The moving averages can act as support or resistance. The parameters can be changed in the VTL Editor. Double click on the indicator name, and the script is opened in VTL editor. The parameters are placed at the top of the script file and properly commented for ease of use. The 2 moving average periods, moving average type (simple MA, Exponential MA, Time Series Ma etc) and price field to calculate moving average (open, high, low, close, avg. price etc.) are defined by the parameters.

The trend direction is determined by the position of the fast moving average in relation to the slow moving average. If fast moving average is above slow moving average, trend direction is up and "Buy" is displayed on chart. When fast moving average is below slow moving average, trend direction is down and "Sell" is displayed on chart.

 

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Dynamo Stochastics VertexFX

The Dynamo Stochastic is similar to Stochastic Oscillator, but it is a little more sensitive. It can be used for divergence trading like the stochastic oscillator. Oscillator values above 70 indicates overbought markets and price move is likely to loss momentum when oscillator breaks above 70. Oscillator below the 30 level indicates oversold market condition.


The Dynamo stochastic can be used like the Stochastic Oscillator. It can identify Oversold, Overbought market conditions. Divergence between price and the oscillator is a good indication of short term trend reversal.

 

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Clear All Stop And take Profit

The Server Side EA removes all stop loss and take profit with open positions. It removes stop and take profit only once on start up of the expert adviser and then it remains idle. In effect the removal of stop loss and take profit happens when the E A is started and later stop loss and take profit entered in the trading terminal is not removed by the E A. It can be used to remove stop loss and take profit on your open positions instantly, especially when there is a lot of open positions. This is a handy tool to remove all stop loss and take profit instantly, when managing each order manually is difficult.

 

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Price Action - VertexFX EA

Hello,

Price Action is a server side VTL Script expert adviser. Price Action EA is not based on indicators or patterns. At major news release, markets are highly volatile and makes rapid trend moves. The Price Action EA is designed to take advantage of this kind of volatility in the markets. EA opens a trade, applies a stop loss and open a reverse trade if the stop loss is hit. Around a major news release market may move in both direction, but eventually picks a direction and makes a big price wave. Run the EA after a major news release, it will take advantage of the volatility at such times.

 

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IBS Oscillator

Hello,

Internal Bar Strength Oscillator (IBS Oscillator) is a client side VertexFX VTL script. It is calculated as moving average of

(High-Low)/(Close-Low) * 100 and plotted as an oscillator. IBS Oscillator is similar to other oscillators like stochastic and

RSI. It is used to find oversold and overbought market conditions. IBS value above 60 level signals overbought market

conditions and consolidation or trend reversal is likely to follow. Oscillator value below 40 indicates oversold market

condition and consolidation or trend reversal is likely to follow.

IBS Oscillator can be used for divergence trading also. Divergence between price and the IBS oscillator as the market makes new

high or low is an indication that the prevailing trend is losing momentum and trend reversal may follow. It can be used as a

stand alone indicator to trade reversals or can be used as a confirmatory indicator together with other indicators.

The Oscillator levels 40 and 60 is marked by the horizontal lines in the oscillator pane. The IBS oscillator can be customized

with the parameter "Per", the moving average period.

 

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iNdays Channel

Hello,

iNDays Channel is a VertexFX VTL Client side script. It plots support resistance channel on price chart. The support resistance levels are identified as the last fractal high and fractal low. The resistance line is colored blue, the support line is colored red and the yellow line is the middle line of the channel. The blue and red dots mark the fractal high and low.

The channel can be used for breakout trading. When price break below the red line (bottom line) and stays below it, a down trend is emerging. Price breaking above blue line (upper line) and staying above it indicates an up trend emerging. In consolidation, price will remain within the channel. The channel can be used as stop loss level also. Trades can be opened with breakout of the channel or in combination with other indicators confirming a breakout.

 

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Smoothing Average

Smoothing Average is a client side VTL Expert Adviser. The EA is based on one moving average and the entry and exit levels are determined by a Smoothing factor. smoothing factor is a percentage of current price, when price is above the moving average by the smoothing factor, buy position is opened. When price is below the moving average by smoothing factor, sell position is opened. The EA has the ability to apply a stop loss and take profit also on positions opened.

 

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Bullish Reversal - VertexFX

Bullish Reversal is a server side VertexFX VTL script that trades Bullish reversal candle patterns. The EA identifies these candle patterns:- Abandoned Baby, Morning Doji Star, Three Inside Up, Three Outside Up and Three White Soldiers. It opens buy position after the completion of these candle patterns if current price is below 50 period simple moving average. Thus it makes sure it trades bullish reversal patterns in a down trend only. EA applies a target and stop loss and trails the stop loss.

 

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Trailing Stop Loss

Hello,

The trailing stop loss server side EA applies a trailing stop loss to a selected position. The position to apply the trailing stop loss is selected by the ticket number entered into parameter ticket of open position.

 

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VertexFX Server Side EA - Time Trader

Time Trader is a Server Side VTL Expert Adviser. The EA Opens a trade at the time specified. Markets may be highly volatile at some times during the trading day such as important news release time, London or US session open. Because of the high volatility, opening trades amnually at such times may be less efficient as price move very quickly and by the time the order details are entered into terminal, price may have significantly moved. Speed of execution is critically important in these situations. The time trader EA is a useful tool at such times.

Time trader runs on the server and open positions at the specified time without any latency as it is running on the server. Enter the time to open the trade into the parameters of the EA, the time can be specified in Hour, minute, seconds format. Also the user can configure the EA to open a buy position or sell position or both at the same time. The EA applies stop loss and take profit specified by the user. Thus the EA can be used to open market neutral trade at important news release time. For a market neutral trade, open both buy and sell at the same time and apply a small stop loss and large target. One trade stops out, but the other trades make sufficient profit to end up with a net profit on both trades due to the big moves present at important news release time. In case the trader has got a directional bias, EA can open Buy or Sell position as specified in the parameters of the EA.

 

[omsaitech12]

Catching Gaps

Hello,



We have converted an Expert Advisor Catching Gaps for Vertex FX. Catching Gaps is a very powerfull Expert Advisor for VertexFX that catches the gaps and use it to place orders and generate profit.

The EA opens a trade when there is a price gap. Gaps are usually found when new market session is opened (market opening). The minimum gap size and lot size are defined in parameter. Catching Gaps will open orders if the gap is more than min gap size set in the parameter.

There are two paramenters. The first parameter is min_gapsize which is minimum gap size in points. This parameter by default is set to 1. The second parameter is lotsize_gap, which is number of lots to be traded; catching gaps EA will open for all orders. For every new bar, EA calculates the gap between current open price and previous high, also between current open price and previous low.

traders can place buy positions when Current Open Price is lower than previous low. Place take profit at previous low, also traders can place sell position when Current Open Price is higher than previous high. Place take profit as previous high.

http://www.mql4.com/go?http://www.h...ns/client-vtl-plugins/free/catching-gaps.html

 

[omsaitech555]

auto slntp for vertex

We have converted a Expert Advisor for VertexFX called Auto SLnTP. Auto stop loss and take profit is a server side script that when started on server applies a stop loss and take profit on pending orders. This is useful to apply stoploass and take profit to stoploss buy and stoploss sell orders. The stoploss can be defined in pips or with the ATR. When many orders are present in the terminal, applying a stop loss and take profit to each order is time consuming task. This tool is used in such situations.

The stop loss and take profit is defined in the parameters. The available options are:

Stop Loss Method - This decides pips based stop loss or ATR based stop loss. When the parameter is set to 1, it applies pip stoploss and when 2, it applies ATR stop loss.

Fixed SL - stop loss in pips.
StopLoss ATR - ATR multiplication factor for stop loss.

Take Profit Method - Parameter value 1 implies fixed stop loss and 2 implies ATR stop loss
Fixed TP - Take profit in PIps
TakeProfit ATR - Take profit ATR multiplication factor

ATR Timefram - Time frame to calculate ATR
The EA triggers an alert when the order modification is done. This alert can be turned on/off with the parameter Alert on.

 

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3 SMA EA - VertexFX VTL

Hello,

Three SMA Cross Over is a client side vertexFX expert Adviser. The EA is based on three simple moving averages, fast, medium and slow. The EA open buy positions in a medium term up trend and sell position in a medium term down trend. The trend direction is determined by the slow and medium term moving averages. When medium term SMA is above slow SMA, the trend direction is up and and when the medium term SMA is below slow SMA, the trend direction is down. The trades are triggered by the short term trend changes in an underlying medium term up or down trend. The short term trend changes are determined by the cross over between fast and medium term SMA.

The trading system rules are:

Buy when medium term SMA is above slow SMA and the fast SMA cross above the medium term SMA. Close the buy position when the fast SMA cross below the medium term SMA.

Sell when the medium term SMA is below slow SMA and fast SMA cross below medium term SMA. Close the sell position when the slow SMA cross above the medium term SMA.

To avoid choppy moving average cross overs, a cross over offset can be set in the parameter "SMA Spread". This stipulate a minimum distance for a valid cross over between the moving averages.

The fast, slow and medium term moving average periods can be defined in the parameters. The lot size to trade, and a stop loss can also be defined in the parameters.