FRASMA - VertexFX Indicator

FRASMA (Fractally Modified Simple Moving Average) is a powerful VertexFX client side VTL indicator that provides trend-following entries and exits.
As the name suggests, FRASMA is derived from a family of moving averages, by calculating the fractal points and weighted their according to their precedence.In the first step, we calculate the highest and lowest price values over the recent PERIOD bars. In the next step, we calculate the linear weighted Stochastics from the highest and lowest price values derived in the first step. In the third step we calculate the normalized logarithm of the value derived in the previous step.
Finally, the FRASMA value is calculated by computing the average of the value derived in the previous step.

The concept behind FRASMA is that the price structure exhibits key fractal points, which are highest and lowest points in the specified range. These points provide clues to the market direction and trend. In a strong uptrend, when the upper fractal point is broken, it signals the continuation of an uptrend, whereas if the lower fractal point is broken, it marks the continuation of the downtrend. By normalizing these fractal points into a Moving Average helps us eliminate the lag and clearly mark the price trend.

BUY - Enter BUY trade when candle pierces and closes above FRASMA from below. Do not open trade if candle gaps up above the FRASMA.
SELL - Enter SELL trade when candle pierces and closes below FRASMA from above. Do not open trade if candle gaps down below the FRASMA.https://www.youtube.com/watch?v=7DeV...ature=youtu.be