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Drive

Drive is a powerful VTL indicator for VertexFX trading system. The indicator plots two separate lines one in Red color and other is Green color. These both lines are generated using two separate combination of averages using values of High, Low, Open and Close of each candle.

With the help of these red and green chart lines, traders can understand whether the market is running/moving in Up Trend or Down Trend. Values of the both Red and Green line are updated on the opening of every new candle and they are calculated using following calculation formula:
Green = ((High - Open) + (Close - Low))/2, averaged for the selected period.
Red = ((Open - Low) + (High - Close))/2, averaged for the selected period.

Note: This indicator is used to trade breakouts. When Green line crosses and move above Red line a Buy trade can be initiated. Similarly, when the Red Line crosses and move above Green, a Sell trade can be initiated.

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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3773
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On
13 January 2016
Attachment (Desktop)

Download Drive.vtl (704 views)

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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 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.

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