SilverTrend – VertexFX Indicator

The SilverTrend Signal indicator is a powerful indicator that gives precise BUY and SELL signals based on breakouts and market turn arounds. It is based on the SilverTrend indicator.
We first calculate the Highest High and Lowest Low of recent SSP candles. We then subtract the different between the Highest High and Lowest Low, multiplying it with the K factor (which is equal to RISK subtracted from 33) and divide this value by 100. The buy entry threshold is equal to Highest High minus this derived value. Similarly the sell entry threshold is equal to the Lowest Low plus this derived value. When the price closes above the buy entry threshold, a buy signal is generated. Likewise, when the price closes below the sell entry threshold, a sell signal is generated.

BUY - Enter BUY trade when a BUY ARROW signal is encountered at close of candle.
SELL - Enter SELL trade when a SELL ARROW signal is encounted at close of candle.