by Coondawg71 » Fri Apr 27, 2012 11:37 am
Exhibit One: This position shows how the user can take profit when the Vortex Indicator value hits a target in the Overbought zone, PRIOR to the indicator crossing positive and negative values. This resulted in a profitable trade.
Exhibit Two: This shows the same position would Close with no profit if left "open" until indicator cross, but NO LOSS, which is a positive attribute of this indicator.
Exhibit Three: This shows how the Vortex Indicator has some very useful attributes other than simply opening and closing position when values cross. This second position has come AFTER the indicator has shown a Bullish bias in Price. Horizontal lines at points of indicator crossing shows levels of Support are rising, hence the bullish bias and probable rise in price, which in fact does happen quite strongly.
Exhibit Four: The Vortex Indicator has the ability to show divergence. In this example, Price is rising as the indicator is falling and Price corrects itself to positive correlation PRIOR to price continuing on its bullish performance.
So I would like to ask if we can get the following added to the Vortex Strategy parameters:
A. ADD Option of opening/closing Short/Long positions at crossing of threshold levels, similar to the WPR% Indicator offers.
B. Please construct a Vortex Divergence Indicator, similar to FX5, so the divergence lines may be placed on the price chart.
C. MTF heatmap for Vortex Indicator. Please allow the Indicator to be customized to each level of "heat" may be assigned a different color for both positive and negative values.
D. MTF Multiple Currency Pair Vortex List, as you constructed for Total Power.
Sorry for all the details, this is a VERY useful indicator that can only be enhanced even more so with these added benefits.
Thanks for all your time and efforts!
sjc
- Attachments
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Vortex Strategy.lua
