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vStore   VTL Plugins Free T3 ADX Burst

T3 ADX Burst

T3 ADX is a powerful Vertex FX client side VTL indicator based on market cycles that provides excellent entry and exit signals. It is based on the ADX, +DI (PlusDI) and -DI (MinusDI) indicators. This indicator has two components, the GREEN line which is calculated from the +DI (PlusDI) component of the ADX indicator, and the RED line which is calculated from the -DI (MinusDI) component of the ADX indicator.
At first step, we calculate the ADX, +DI and -DI indicators over the ADX_PERIOD. The GREEN line is calculated by subtracting the current +DI from the previous value of +DI and smoothing it over T3 PERIOD and using the B smoothing constant. The RED line is calculated by subtracting the current -DI from the previous value of -DI and smoothing it over the T3_PERIOD and using the B smoothing constant. The concept behind the indicator is that +DI component exhibits the bullishness of the market and the -DI component exhibits the bearishness. By smoothing them, the indicator attempts to eliminate the lag.

Buy: Place Buy trade when the Green line closes above the Red line. Do not enter trade if the candle has gap-up opening. Place stop-loss below the nearest swing Low. If the candle has gap-up opening do not enter the trade.

Sell: Place Sell trade when the Green line closes below the Red line. Do not enter trade if the candle has a gap-down opening. Place stop-loss above the nearest swing High. If the candle has a gap-down opening do not enter the trade.

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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Flat Monthly Fees
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19 January 2016
Attachment (Desktop)
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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.

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