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The Forex Vortex Indicator-mq4.
The Forex Vortex Indicator measures the trend,not the strength of the trend.It is look similar to the popular J.Wilder's ADMI indicator but uses different settings and market analysis tools.This indicator is presented in the article"The Vortex Indicator" appearing in the January 2010 issue of Technical Analysis of Stocks& Commodities.Please refer to that article for a description of the indicator as well as trading ideas for the indicator.
Trading Signals:
Buy :Green Vortex Line crosses the Red line upwards.
sell :Red Vortex Line crosses the Green line upwards.
Indicator Preference:
Currency pairs: any
Time frame: any
Trading sessions:any
Configurable Indicator Options:VL_Length(14),Color
Example:EUR/USD-H1:
How to use a custom indicator on your charts:
Step1: Dowload the mq4 file into your c:\Prom File\Meta Trader4\MQL4\Indicators
Step 2: Open your MT4
Step 3: Locate the Navigator Panel.
Step 4: On the Navigator ,find custom Indicators .
Step 5:Click Custom indicators ,and you should see your newly installed indicator.
Step 6:Double click the indicator and the Indicator Properties window will appear.
Step 7: Click OK.
Free Download:
The Forex Vortex Indicator measures the trend,not the strength of the trend.It is look similar to the popular J.Wilder's ADMI indicator but uses different settings and market analysis tools.This indicator is presented in the article"The Vortex Indicator" appearing in the January 2010 issue of Technical Analysis of Stocks& Commodities.Please refer to that article for a description of the indicator as well as trading ideas for the indicator.
Trading Signals:
Buy :Green Vortex Line crosses the Red line upwards.
sell :Red Vortex Line crosses the Green line upwards.
Indicator Preference:
Currency pairs: any
Time frame: any
Trading sessions:any
Configurable Indicator Options:VL_Length(14),Color
Example:EUR/USD-H1:
How to use a custom indicator on your charts:
Step1: Dowload the mq4 file into your c:\Prom File\Meta Trader4\MQL4\Indicators
Step 2: Open your MT4
Step 3: Locate the Navigator Panel.
Step 4: On the Navigator ,find custom Indicators .
Step 5:Click Custom indicators ,and you should see your newly installed indicator.
Step 6:Double click the indicator and the Indicator Properties window will appear.
Step 7: Click OK.
Free Download:
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