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 MRO 2 Indicator

MRO 2 Indicator

MRO 2 is a client side VTL indicator. It is based on the relationship between the average range of last 7 bars and the close to close range of last 4 bars. MRO indicator value is calculated as the price movement in last four candles relative to average range of the last 7 candles. Thus MRO 2 indicator represents the recent price volatility, it is responsive to quick changes in volatility. Sudden changes in volatility indicates change in the prevailing market sentiments. Sharp rise in the indicator value shows these sudden changes in volatility. This information can be adapted to trading strategies.

MRO 2 can be used to identify valid breakouts. When a break out happens, if MRO 2 indicator rises to a higher reading, chances to breakout is successful. Lower indicator values imply a smooth sailing market. MRO 2 is useful in placing stop-losses, when trade is opened and the MRO 2 indicator value rises sharply, trader ia dvised to use a bigger stop loss, tight stop losses will be triggered by the underlying high volatility at the time. Then as the indicator value falls to lower levels, traders are advised to tighten the stop loss.

The indicator can be customized through parameters. Parameters are: MRO Period is the indicator period. This is the only parameter available with MRO 2 indicator. The parameter value is changed in the VTL editor.

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

Hits
3290
Rating
On
03 May 2016
Attachment (Desktop)

Download MRO2.vtl (767 views)

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

Swapper
Swapper
Description: Swapper Auto Trader is an innovative VertexFX client-side Auto Trader that uses swaps (interest) on open positions to he ...
Consecutive RSI
Consecutive RSI
Description: Consecutive RSI is a powerful VertexFX client-side indicator based on the Relative Strength Index (RSI). The Relative St ...
Kalman Filter Velocity...
Kalman Filter Velocity (KFV)
Description: KalmanFilterVelocity (KFV) is a powerful VertexFX-indicator based on the Kalman Filter (KF) algorithm. The KalmanFilterV ...

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

Trend Interruption...
Trend Interruption Average (TIA)
Description: Trend Interruption Average (TIA) is a powerful VertexFX indicator based on Moving Average that is useful in identifying ...
Day Channel
Day Channel
Description: “Day Channel” is a VertexFX indicator that marks short term support resistance levels for intraday trading. It consists ...
Swapper
Swapper
Description: Swapper Auto Trader is an innovative VertexFX client-side Auto Trader that uses swaps (interest) on open positions to he ...

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