Introduction The Vortex Indicator is a technical indicator invented by Etienne Botes and Douglas Siepman (Technical Analysis of Stocks & Commodities, V.28:1 (January, 2010): "The Vortex Indicator") to identify the start of a new trend or the continuation of an existing trend within financial markets.
It is composed of two lines, +VI and -VI. +VI represents up trending momentum and -VI represents down trending momentum.
The most basic strategy is to use the crossovers as trade signals:
when +VI crosses above -VI, go Long
when -VI crosses above +VI, go Short
Exit when a crossover occurs in the opposite direction
What is this tool? This tool is a performance scanner that uses a decision tree-based algorithm under the hood to find the most profitable period's setting for the indicator. It analyzes the range of periods between 2 to 100 and backtests the Vortex Indicator for each period using the strategy mentioned above across the entire history of an instrument.
Settings Net Profit line is optional and can be hidden through settings.
Alerts It has an alert that notifies when a more profitable period was detected.
NOTE: It does not change what has already been plotted.
Good luck!
Nota Keluaran
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Now it uses "Early Switch" version of the algorithm
Removed Net Profit line from script because it can be shown in the strategy backtester
could i have a free trial? i reached out via email for purchase as well. Thanks
devanshu
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Please sir can you get an access to it from a friend of yours from India
everget
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@devanshu, I don't want to upset you, but this is a paid script. Lifetime access details can be found here bit.ly/2SQOhDF
dayknight
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@devanshu, you can search for vortex indicator its by FREE, he just added that when the VI+ cross above VI- it will print buy or sell
you can search for vortex indicator levels on google to see the vortex levels
normally you have to look for 1.1 and 0.9
everget
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@dayknight, "he just added that when the VI+ cross above VI- it will print buy or sell" - he just made an optimizer for Vortex Indicator and this optimizer is presented on the 2nd subpane.
This is neither a strategy, nor the Vortex itself - this is a tool that finds the most profitable setting.
everget
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@dayknight, I absolutely don't understand the meaning of your comment - do you read the description before giving your opinion?