Thread: VTS VG TS - Vertex FX Indicator

VTS VG TS is an innovative and powerful Vertex FX client side indicator that provides precise BUY and SELLS signals as well as strong Support and Resistance levels. The concept behind this indicator is that it the Average True Range provides valuable trading range bands.
In the first step we calculate the Average True Range over the ATR PERIOD. We then calculate the upper and lower trading bands based upon the Average True Range. The upper band is calculated by adding the Close price to the product of the Average True Range and the ATR MULTIPLIER. Similarly, the lower band is calculated by subtracting the product of the Average True Range and the ATR MULTIPLIER from the Close price.
The upper and lower bands are used to calculate the BUY and SELL trigger levels. The BUY and SELL trigger levels are calculated using 30 levels. We alternately find the minimum and maximum values of the upper band and the lower band.
A BLUE (BUY) signal is generated if the close is above the BUY trigger level. Likewise, a RED (SELL) signal is generated if the close is below the SELL trigger level. The BLUE level can also be used as strong Support level for bullish trades, whereas the RED level can be used as strong Resistance level for bearish trades.
BUY - Enter BUY trade at close of candle when the indicator is BLUE. Do not open BUY trade if the candle has a gap up opening. Place stop-loss below the nearest swing low.
SELL - Enter SELL trade at close of candle when the indicator is RED. Do not open SELL trade if the candle has a gap down opening. Place stop-loss above the nearest swing high.