vStore header

vStore is your one-stop-shop for VertexFX plugins and apps. vStore categorizes the plugins/apps to make it easier for both front-end and back-end users to reach what they need

  • Choose from hundreds of VertexFX plugins/apps
  • VertexFX API toolkit to develop plugins/apps
  • Brand and sell your own plugins

Sign Up Now

vStore   VTL Plugins Free Channel System

Channel System

Channel System is a VertexFX client side indicator. Its on high degree of accuracy allows traders to determine the direction of trends. This indicator forms a price channel for intraday trading.

The red indicator line represents the resistance level, and the green line is the level of support. When the price crosses the support or resistance level it will be a signal for opening or closing orders. To improve the efficiency of trading the indicator displays signals in form of red and green dots. Red dots are signals for Sell, as location for the point indicates the price for opening sell orders. A green dot gives signal when to Buy and at what price to make a buy order.

If display red or green dots; the price changes, then it is adviced to close the open positions. traders can also trade in the breakdown of support and resistance lines. In this case, the indicator Channel System indicates that the price has broken through the resistance level and the support and tends to progress in the same direction for some time.

Channel System indicator, is a trading strategy in a nutshell, because it uses the tactics of a release from boundaries of the aligned channel, and the boundaries themselves are used as guidelines for the proper placing of Stop Loss and Take Profit. Traders can modify the following input parameters:
Period (default = 12) - period used to calculate indicator,
UseAlert (default = 1) - this parameter can be set to 1 or 0. If true (1), the signal on the intersection of the indicator lines will display on the graph up and down arrows;
limit (default = 200) - it determines the number of bars on which to build the indicator.

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.

Rate this product
0 vote
Favoured:
0

Listings details

Image
Hits
2678
Rating
On
13 January 2016
Attachment (Desktop)
Compatibility

Share This!

youtube-right

Search Plugins

Try VertexFX

download-button

VertexFX Web Trader VertexFX eBroker Icon VertexFX Backoffice

Community Forum

Ask, Share, Engage

Enter Forum

Project Zone

A Trader or A Developer?

Enter the Project Zone

Latest Projects

Sponsored Ad

Double Inside Bar

Latest Plugins

CCIinMA
CCIinMA
Description: CCIinMA is an innovative VertexFX indicator based on Moving Average and Commodity Channel Index indicators. The Commodi ...
Camarilla Flat & Clear
Camarilla Flat & Clear
Description: Camarilla Flat And Clear is an innovative VertexFX client-side indicator based on the daily pivot and Camarilla levels. ...
Simple Decycler...
Simple Decycler Oscillator
Description: Simple Decycler Oscillator is a powerful VertexFX indicator that identifies the start and reversal of a trend. One of t ...

Most Reviewed Plugins

VertexFX Bridge
VertexFX Bridge
Description: VertexFX Risk Management Bridge is a back end software used to connect your VertexFX system to another one for clearing an ...
VertexFX News Trader 11
VertexFX News Trader 11
Description: Never miss out news trading opportunities again! VertexFX auto News Trader for VertexFX 11 is a unique trading plugin tha ...
VertexFX Margin Call
VertexFX Margin Call
Description: *We have reviewed our prices for the next two months. Take the opportunity and get our plugins in a very competative price ...

Featured Plugins

Brain Trend Signal Alert
Brain Trend Signal Alert
Description: Brain Trend Signal Alerts is Client Side VTL indicator that plots buy and sell signals. This follows the short-term tren ...
PTL Perfect Trend Lines
PTL Perfect Trend Lines
Description: Perfect Trend Lines, PTL, is a short-term trend trading indicator. The lines showing the trend in this indicator are not ...
sRSI -Sell Relative...
sRSI -Sell Relative Strength Index
Description: sRSI (Sell Relative Strength Index) is a powerful VertexFX client-side indicator based on enhanced implementation of the ...

About Us

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.

Read More

Contact us

uk16 UK: +44-2-071-936-008
australia16 Australia: +61-280-114-343
USA Flag USA: +1-845-657-3272
HongKong Flag HK: +852-8199-0933
Jordan Flag Jordan: +962-6-552-0822

Sales Chat on WhatsApp Sales Chat on WhatsApp

Send us Email

Join Our Mailing List

Expos & Awards

VertexFX Awards

Hybrid Photo Gallery

  

  

VertexFX Cloud

VertexFX Cloud

Search Plugins

Latest Tweet

This website and its content are copyrights of Hybrid Solutions - © Hybrid Solutions 2002 - 2019. All rights reserved.

Disclaimer: Hybrid Solutions is the VertexFX trading platform vendor, provides technology only for the financial institutes and does not have any intervention 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.

اخلاء مسؤولية: هايبرد سوليوشنز هي الشركة المزودة لبرنامج (الفيرتكس اف اكس) للتداول الالكتروني ، تزود فقط التكنولوجيا اللازمة للوسطاء ولكنها لا تتدخل بأي شكل مهما كان في عمليات التداول أو بأي دور مالي. هايبرد سوليوشنز تخلي مسؤوليتها بشكل كامل عن تصرفات الوسطاء او كل ما من شأنه أن يسبب الخسارة للمتداول ، إختر وسيطك بتأني واطلب النصيحة من المختصين بالتداول عند الحاجة.

Close