Thread: TS-Osc - Vertex FX Indicator

The TS-Osc is a Vertex FX Oscillator based on the change in closing prices. It is a powerful indicator for determining change in trends.

The TS-Osc indicator comprises of two components, the main TS-Osc (BLUE) and the Signal (RED) component. To calculate the TS-Osc, we first calculate the differences between the current and previous close, and similarly the absolute difference between the current and previous close. The EMA of the above two differences for the R_FIRST duration is calculated. We again calculate the EMA of the calculated EMAs for R_SECOND duration. The ratio of this EMA to that of the absolute EMA is multiplied by 100, and this value is the TS-Osc.

The Signal component is the SIGNAL_PERIOD exponential moving average of the TS-Osc.

BUY - Enter BUY trade when BLUE (TS-Osc) closes above RED (Signal) from below. Both indicators must be below zero level. When both indicators are below -50, it indicates a strong bullish trend is due.

SELL - Enter SELL trade when BLUE (TS-Osc) closes below RED (Signal) from above. Both indicators must be above zero level. When both indicators are above +50, it indicates a strong bearish trend is due.