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Vortex Trend Tracker 2.0 + RSI
The Vortex Indicator may seem complex, but it is essentially composed of an uptrend line and a downtrend line. It can be used to track trend strength, anticipate reversals, and generate entry and exit signals. The calculation for the indicator is provided in the open-source code below.
To minimize false signals produced by the indicator, we incorporated an Exponential Moving Average of vmPlus and vmNegative values with a default length of 10. Reducing this length would result in a more responsive vortex, but at the cost of increased false signals.
The chart displays the absolute value of the difference between the uptrend and downtrend lines as the main histogram. If the uptrend line surpasses the downtrend line (indicating positive movement), the histogram bars will be either light green or dark green. Dark green bars indicate that the uptrend has just crossed over the downtrend line or is increasing in strength. If the uptrend line is greater than the downtrend line but decreasing, then the bars will be light green. This indicates that the upward trend is losing strength.
Conversely, if the downtrend line is greater than the uptrend line, indicating a negative trend, the bars will be either red or light red. A red bar signifies that the downtrend line has only recently crossed the uptrend line or is increasing in value. Light red bars indicate that the downtrend is weakening despite being greater than the uptrend line.
One way to trade using the Vortex is to go long when the bar color changes from red to light red, suggesting that the downtrend is weakening and an upward reversal is likely to occur soon. Traders can then exit their long position when the bars change from dark green to light green since that implies that the uptrend is losing momentum and prices are unlikely to continue rising.
Traders can also choose to have the uptrend and downtrend lines plotted in the input menu to facilitate visualizing the Vortex's usefulness in identifying reversals.
To minimize false signals produced by the indicator, we incorporated an Exponential Moving Average of vmPlus and vmNegative values with a default length of 10. Reducing this length would result in a more responsive vortex, but at the cost of increased false signals.
The chart displays the absolute value of the difference between the uptrend and downtrend lines as the main histogram. If the uptrend line surpasses the downtrend line (indicating positive movement), the histogram bars will be either light green or dark green. Dark green bars indicate that the uptrend has just crossed over the downtrend line or is increasing in strength. If the uptrend line is greater than the downtrend line but decreasing, then the bars will be light green. This indicates that the upward trend is losing strength.
Conversely, if the downtrend line is greater than the uptrend line, indicating a negative trend, the bars will be either red or light red. A red bar signifies that the downtrend line has only recently crossed the uptrend line or is increasing in value. Light red bars indicate that the downtrend is weakening despite being greater than the uptrend line.
One way to trade using the Vortex is to go long when the bar color changes from red to light red, suggesting that the downtrend is weakening and an upward reversal is likely to occur soon. Traders can then exit their long position when the bars change from dark green to light green since that implies that the uptrend is losing momentum and prices are unlikely to continue rising.
Traders can also choose to have the uptrend and downtrend lines plotted in the input menu to facilitate visualizing the Vortex's usefulness in identifying reversals.
招待専用スクリプト
このスクリプトは作者が承認したユーザーのみアクセス可能です。使用するにはアクセス申請をして許可を得る必要があります。通常は支払い後に承認されます。詳細は下記の作者の指示に従うか、eheiss1967に直接お問い合わせください。
TradingViewは、作者を完全に信頼し、スクリプトの動作を理解していない限り、有料スクリプトの購入・使用を推奨しません。コミュニティスクリプトには無料のオープンソースの代替が多数あります。
作者の指示
This is just for studies.
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
招待専用スクリプト
このスクリプトは作者が承認したユーザーのみアクセス可能です。使用するにはアクセス申請をして許可を得る必要があります。通常は支払い後に承認されます。詳細は下記の作者の指示に従うか、eheiss1967に直接お問い合わせください。
TradingViewは、作者を完全に信頼し、スクリプトの動作を理解していない限り、有料スクリプトの購入・使用を推奨しません。コミュニティスクリプトには無料のオープンソースの代替が多数あります。
作者の指示
This is just for studies.
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。