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Buy Sell Featured

BuySell indicator is a simple yet powerful VertexFX client side script that identifies powerful trends. It is based on Moving Average (MA) and Average True Range (ATR), and is primarily used as a signal for trend-following systems.

Moving Average is a useful indicator that provides feedback about the trend and its direction. A rising Moving Average implies a bullish trend, whereas a falling Moving Average implies a bearish trend. The Average True Range determines the strength of the trend and its movement. A gradually increasing Average True Range implies a strong trend (which can either be bullish or bearish), whereas a falling Average True Range implies exhaustion or sideways movement. By combining these two indicators the BuySell indicator identifies profitable trend-following opportunities.

This indicator has four components – blue circles, blue dots, red circles and red dots. It is primarily used in a stop-and-reverse (SAR) trading mechanism.

Interpretation of Indicator

• BLUE CIRCLE – When the direction of the Moving Average switches from downwards to upwards a BLUECIRCLE is drawn at a distance of Average True Range below the Moving Average. This indicates that the trend has changed from bearish to bullish. Enter a BUY position at the close of the candle when a blue circle is displayed.

• BLUE DOT – When the Moving Average is rising, a BLUE DOT is drawn at a distance of Average True Range below the Moving Average. It implies a bullish trend. Place a trailing stop at the swing lowbelow the blue dot if a BUY position is open.

• RED CIRCLE – When the direction of the Moving Average switches from upwards to downwards a red circle is drawn at a distance of Average True Range above the Moving Average. This indicates that the trend has changed from bullish to bearish. Enter a SELL position at the close of the candle when a red circle is displayed.

• RED DOT – When the Moving Average is falling, a red dot is drawn at a distance of Average True Range above the Moving Average. It implies a bearish trend. Place a trailing stop at the swing highabove the red dot if a SELL position is open.

Configurable Inputs:

1.MA_PERIOD –The period over which the Moving Average is calculated.

2.MA_METHOD – The method used to calculate the Moving Average. The allowed values are “MODE_SMA” (Simple Moving Average), “MODE_EMA” (Exponential Moving Average), “MODE_LWMA” (Linear Weighted Moving Average) and “MODE_SMMA” (Smoothed Moving Average).

3.MA_PRICE – The price field used to calculate the Moving Average. The allowed values are “PRICE_OPEN” (Open), “PRICE_HIGH” (High), “PRICE_LOW” (Low), “PRICE_CLOSE” (Close), “PRICE_TYPICAL” (Typical), “PRICE_WEIGHTED” (Weighted), “PRICE_MEDIAN” (Median).

4.ATR_PERIOD – The period over which the Average True Range is calculated.

Usage

  • Download the attachment from vStore or directly from the vStore tab in your terminal by performing a right click on it and selecting Download & Install
  • Copy it to your company VertexFX Local VTL Files folder i.e. C:\ProgramData\VertexFX Client Terminals\"Company name"\VTL10\Local VTL Scripts
  • Restart your Client Terminal or Right Click on "Local VTL Scripts" Tree Node to find the script.

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11 January 2017
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Established in 2002, Hybrid Solutions provides FOREX Online Trading Platform. Hybrid Solutions has adopted the latest technologies and international standards to develop its Online Trading Platform, VertexFX.

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Disclaimer: Hybrid Solutions is the VertexFX trading platform vendor, provides technology only for the financial institutes and does not interfere in any financial role or in the trading cycle. Hybrid Solutions clears its responsibility from any financial institute's behavior. Choose your broker wisely and seek independent advice if necessary.

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