A Trend identifying Indicator

We have found that there is a lot of query about indicators to find trends. To be of some help to all those who are in search for it. There is a trending indicator which was published in January 2010 Stocks & commodities magazine - VORTEX TREND. This indicator is quite useful for trend traders, though they have not given the use of it through a setup on a trading system.

Those with the acumen of tweaking and research can make use of this indicator in their Technical Analysis. Formulas for almost all the available trading softwares is kept as a downloadable file in www.vortexindicator.com.

Please help yourself into the best use of this indicator, don't forget to give a heart felt thanks to its creators. It takes years of research, time and money in developing a indicator. Most are kept in private, while very few find their way into the public domain. Made free to public does not mean it does not work, an indicator developed with dedicated research works fine even after decades of its invention.

An example of this is the Force Index of Dr. Alexander Elder, it still works in the amazing way as it did when it was invented 2 decades ago.

We started this as a separate thread so that it will have prominence and all the traders can benefit from its use. We believe this will be helpful to many aspiring and seasoned traders.

Really that much helpful? o.k. in other forums this is posted long back, It was in my custom formulas from six to seven months back i think. I will try to learn from your thread how to use this.

Vortex indicator


// Vortex Indicator

period = Param("Period", 14, 2 );

VMP = Sum( abs( H - Ref( L, -1 ) ), period );
VMM = Sum( abs( L - Ref( H, -1 ) ), period );
STR = Sum( ATR( 1 ), period );

VIP = VMP / STR;
VIM = VMM / STR;

Plot( VIP, "VI"+period+"+", colorBlue);
Plot( VIM, "VI"+period+"-", colorRed );
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VORTEX OSCILLATOR

_SECTION_BEGIN("Vortex Oscillator");

// Vortex Indicator
// S&C Traders Tips Jan 2010
SetChartBkColor(colorBlack);
SetBarsRequired(sbrAll);
period = Param("Period", 21, 2 );
VMP = Sum( abs( H - Ref( L, -1 ) ), period );
VMM = Sum( abs( L - Ref( H, -1 ) ), period );
STR = Sum( ATR( 10 ), period );

VIP = VMP / STR;
VIM = VMM / STR;
K1=VIP-VIM;
K=TEMA(K1,7);
ifish=EMA(EMA(EMA(EMA(K,3),3),3),3);
Color=IIf(ifish>0,IIf(ifish>Ref(ifish,-1),colorGreen,colorYellow),IIf(ifish>Ref(ifish,-1),colorBlue,colorRed));
Plot(ifish," Vortex Oscillator ",Color,styleHistogram | styleThick, maskHistogram);
Plot(0,"",colorYellow,styleDashed);


_SECTION_END();

When it is your custom formula, you should know its use better than me. Using a formula or an indicator is up to the traders mindset, about how much inclined his methods and psychology are towards a strategy, system or just the indicator for that matter.

From which site one can get 'Fibonacci Vortex indicator' preferably free pl