Introduction to the Vortex Indicator
The Vortex Indicator was first introduced by Etienne Botes and Douglas Siepman in their book “Technical Analysis of Stocks & Commodities”.
It was intended to be a reversal signal indicator that could help traders identify potential trend reversals objectively.
What is the Vortex Indicator?
The Vortex Indicator is a trend reversal indicator which can be used as a reversal signal. It indicates trends and trend reversals by plotting two lines – an uptrend line (VI+) and a downtrend line (VI-).
Trend reversal signals can be confirmed based on how these two lines interact.
How the Vortex Indicator Works?
The Vortex Indicator begins its computation by finding the True Range of price. This could either be the distance of the current high and current low, current high and previous close, or current low and previous close, whichever is higher.
It also takes the distance between the current high and prior low as the measure for the uptrend (VM+), and the distance of the current low and the prior high as the measure for the downtrend (VM-).
It then sums up its measurement of the True Range, its measure of the uptrend, as well as its measure of the downtrend.
It then plots the VI+ line by dividing the sum of the uptrend (VM+) over the True Range. It also plots the VI- line by dividing the sum of the downtrend measure (VM-) over the True Range.
This indicator plots a green line to represent the VI+ line, and a red line to represent the VI- lyn.
How to Use the Vortex Indicator for MT4
The Vortex Indicator provides trend reversal signals based on the crossing over of the VI+ and VI- lyne.
A bullish trend reversal would trigger the VI+ line to cross above the VI- line coming from below. Omgekeerd, a bearish trend reversal would trigger the VI+ line to cross below the VI- line coming from above.
These crossovers between the two lines can be used as the main crossover signal. Egter, it is better used as a confirmation of a trend reversal in confluence of other price action or indicator-based trend reversal setups.
Koop handelsopstelling
Wanneer om in te voer?
Identify a downtrend market with a clear diagonal resistance trendline. Wait for price to break above the resistance line. Enter a buy trade order only if the VI+ line crosses above the VI- line confirming the bullish reversal. Stel die stopverlies op die ondersteuning onder die inskrywingkers.
Wanneer om te verlaat?
Close the trade as the VI+ line crosses below the VI- lyn.
Verkoop handelsopstelling
Wanneer om in te voer?
Identify an uptrend market with a clear diagonal support trendline. Wait for price to break below the support line. Enter a sell trade order only if the VI+ line crosses below the VI- line confirming the bearish reversal. Stel die stopverlies op die weerstand bo die inskrywingkers.
Wanneer om te verlaat?
Close the trade as the VI+ line crosses above the VI- lyn.
Gevolgtrekking
This indicator has the potential to produce excellent trend reversal signals. Egter, as a standalone indicator it could still be susceptible to false signals especially on choppy markets.
Context is key when using this indicator. The signals it produces tend to work best merely as a confirmation of a reversal which in confluence with a reversal trade setup.
MT4 Aanwysers – Laai instruksies af
Vortex Indicator for MT4 is a Metatrader 4 (Hierdie artikel is 'n weesbladsy.) aanwyser en die essensie van hierdie tegniese aanwyser is om die opgehoopte geskiedenis data te transformeer.
Vortex Indicator for MT4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
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How to install Vortex Indicator for MT4.mq4?
- Download Vortex Indicator for MT4.mq4
- Copy Vortex Indicator for MT4.mq4 to your Metatrader Directory / Kundiges / Aanwysers /
- Begin of herbegin jou Metatrader 4 Kliënt
- Kies Grafiek en Tydraamwerk waar jy jou MT4-aanwysers wil toets
- Soek “Pasgemaakte aanwysers” in jou Navigator meestal links in jou Metatrader 4 Kliënt
- Right click on Vortex Indicator for MT4.mq4
- Heg aan 'n grafiek
- Modifiseer instellings of druk ok
- Indicator Vortex Indicator for MT4.mq4 is available on your Chart
How to remove Vortex Indicator for MT4.mq4 from your Metatrader Chart?
- Kies die Grafiek waar is die aanwyser wat in jou Metatrader loop 4 Kliënt
- Regskliek in die Grafiek
- “Aanwysers lys”
- Kies die aanwyser en skrap
Vortex aanwyser vir MT4 (Gratis aflaai)
Klik hier onder om af te laai:
