DanielLeung

Vortex Indicator With SMA

DanielLeung Aktualisiert   
VI with SMA to determine the trend is solid.
VI+ cross over VI- with price over 20 SMA to confirm the trend.

Also, you can see the enhanced trend:

VI+ with the Letter H, with new high in the observe period.
VI- with the Letter L, with new high in the observe period.

Coding based on the original Vortex Indicator.
Versionshinweise:
Add Test VI+, VI- with uptrend STR (Sum of ATR)
Versionshinweise:
Check stocks SMA uptrend sequence with VI
Versionshinweise:
Uptrend SMA Seq. title.
Versionshinweise:
1: Modified the Background highlight factor:

either use SMA or Donchain Channel mid line as Oscillator.


2: Fill the area between VI+ and VI - when the SMA uptrend Sequence is valid.
Versionshinweise:
Traditionally, vortex indicator (VI) is an indicator composed of two lines :

an uptrend line (VI+) : measure the price of the stock going up
a downtrend line (VI-) : measure the price of the stock going down

bleached areas within two VI lines is showing the "the fastEMA above slowEMA" of the stock.
eg. SMA10 > SMA40

"H" means that the VI+ > 5 days average VI+, which means stock price is move up relative to the price past 5 days average. ( simply is price action hgiher high)

"L" means that the VI- > 5 days average VI-, which means stock price decline relative to the price past 5 days average. ( simply is price action lower low)


In conclusion, I create this indicator help to easily knowing a stock is in uptrend and the momentum is maintain.

Two examples:

Look for Uptrend stock
1) the trading logic is looking for uptrend stocks (with blue background).
2) blue background where and .
3) "H" equal to means the up-force is improving. "H" in red mean the price velocity is increase.
4) it is better hold the stock when the VI+ is keep move up. and be alert the "L" show up.

Look for Bottom UP/Breakout
1) when the background is in PINK, means . Stock is in downtrend.
2) waiting for the word "H" show up in frequent (several times), mean the stock price start have a high compare 5 days average.
3) wait for the crossover of the VI+ and VI- and the background to Blue.
Open-source Skript

Ganz im Spirit von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es besser verstehen und überprüfen können. Herzlichen Glückwunsch an den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Veröffentlichung unterliegt den Hausregeln. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

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