Vortex Cross w/MA ConfirmationThis script is a trading strategy that combines the Vortex Indicator and a Moving Average (MA) to generate potential entry signals for long and short positions.
1. Vortex Indicator:
The Vortex Indicator consists of two lines: Vortex Positive (VIP) and Vortex Negative (VIM). It is designed to identify trend direction and measure the strength of a trend.
2. Moving Average (MA):
The script uses a chosen type of Moving Average (SMA, EMA, SMMA, WMA, or VWMA) to smooth the price data. The smoothed line is referred to as the "Smoothing Line."
3. Determine Long and Short Conditions:
The script looks for potential long entry signals when VIP crosses above VIM, highlighting each crossover on the chart, and the closing price is above the Smoothing Line. It searches for short entry signals when VIM crosses above VIP, with the closing price is below the Smoothing Line. When the long or short conditions are met, the strategy enters either a long or short position accordingly.
Potential Usage:
The strategy can be utilized in trending markets, where the Vortex Indicator helps identify trend direction and strength, and the Moving Average smooths the price data to filter out some noise. It aims to capture trends and ride them while avoiding false signals during choppy or sideways markets.
Vortexindicator
Smoothed Vortex IndicatorThe Smoothed Vortex Indicator (SVI) is an enhanced version of the original Vortex Indicator (VI), designed to provide traders with a more refined and smoother representation of trend strength and potential reversals in financial markets. While both indicators share the same concept of measuring directional movement and true range, the SVI incorporates the Hull Moving Average (HMA) to achieve additional smoothing , differentiating it from the standard Vortex Indicator.
The original Vortex Indicator (VI) consists of two lines, VI+ and VI-, which represent the positive and negative directional movements, respectively. It calculates the True Range (TR), Plus Directional Movement (PDM), and Minus Directional Movement (MDM) over a specified period, usually 14 periods, and then calculate the Simple Moving Averages (SMAs) of VI+ and VI- based on these values.
On the other hand, the Smoothed Vortex Indicator (SVI) utilizes the HMA to improve precision and reduce lag in trend identification. The HMA is itself a weighted moving average of two WMAs and is known for its smoothing characteristics. The SVI first calculates the VI+ and VI- values as in the original VI and then applies the HMA formula to each of these values separately.
To add further flexibility to the SVI, it introduces a user-defined Weighting Factor. This factor allows traders to fine-tune the smoothing effect applied to VI+ and VI-. By multiplying the weighted VI values with the HMA, the SVI ensures a smoother representation of trend strength, making it easier for traders to identify trends and potential reversal points in the market.
In summary, the Smoothed Vortex Indicator (SVI) enhances the original Vortex Indicator by incorporating the Hull Moving Average (HMA) for additional smoothing and introducing a customizable Weighting Factor. This improved version provides traders with a more refined and visually smoother indicator, aiding them in making better-informed trading decisions based on trend strength and possible market reversals.
Vortex Indicator w/ ALFAdded Adaptive Laguerre Filters (ALF) to built-in TradingView Vortex Indicator.
Use these ALFs similar to an MA or ROC on the VI+ or VI-, as they indicate the strength of the uptrend/downtrend and can help spot tops and bottoms earlier (when the VI line crosses through the ALF the ALF will change color)
- Added configurable horizontal lines to show periods of extremely high/low trend strength. Also can be used to help call tops/bottoms.
- Add horizontal ranges with background color/
- Added background color for when RSI is above a certain level (50 by default). Etienne Botes has mentioned using Vortex with RSI of the same period being over 50.0 can filter out false signals.
- Added background color for when VI+ and VI- cross.
- Added adaptive lookback length based on timeframes. I don't recommend daytrading using multiple vortex timeframes, but it can be useful when screening/analyzing stocks.
ATR Bands with vortex indicator [LM]Hello traders,
I would like to present you ATR Bands with vortex indicator. This indicator is different than my others I used not that known vortex indicator as a entry indicator, and atr bands I have used as a exit indicator.
You can see 2 set of bands with different multiplicator, first is used as first target profit, stop loss and second as a second target
There are to modes that takes, first is static mode that gives you lines with 1st, 2nd target profit and in red color stop loss
In the static mode you can also turn off extending line he price reach the level:
Second mode is tracking atr first band with candle offset of your choosing:
The trailing functionality is not working 100% but I as thinking to share it anyway and see maybe some feedback and meantime I will fix the trailing behavior.
Settings:
Genreal settings - basic setting of source for atr bands, line settings,
First atr bands setting
Second atr bands setting
Vortex setting
Cheers and Happy Xmas,
Lukas
Vortex indicator cross support&resistance [LM]Hello traders,
I would like you to present Vortex indicator cross support&resistance script. The idea behind is same as my other S/R scripts to look for important S/R levels.
This time I have used little known and not that old Vortex Indicator that has been released in 2010. Vortex indicator has two plots that crosses each other and on the cross line is rendered. I have included smoothing with TEMA.
The indicator has following settings:
General control - here you can select period of vortex indicator and show/hide labels
Line control - where you can select type of line, colors...
Hope you will enjoy it,
Lukas
KINSKI Flexible Vortex IndicatorThe Vortex indicator is based on two trend lines that indicate an uptrend (VI+) or a downtrend (VI-) in the current market. This can be used to determine trend reversals or confirmations of current trends and directions. The number of periods is usually between 10 and 25. This indicator has 14 periods as its default value. You can adjust this value in the settings according to your needs.
A buy signal can be interpreted when VI+ is greater than VI-. Conversely, a sell signal exists when VI+ is smaller than VI-. Whenever a "crossing point" occurs, an imminent trend change can also be anticipated. If the differences from the highs and lows become larger and larger, a breakout is to be expected.
When using this indicator, please note that VI+ and VI crossings, especially during choppy price movements, can trigger false trading signals.
What distinguishes this Vortex indicator from others of this type?
Possibility to choose between different template templates that influence the display
Extensive setting options to emphasize upward and downward movements and cross points
The following settings are possible:
"Length": Adjustable period / default value = 14
"Template": "DISABLED", "Clear", "Informative" / Default value = DISABLED
"Line: Size": Thickness of the vortex lines / default value = 2
"Line: Style Type": Display variants (options: "Line", "Stepline") / default value = "Line".
"Line: Up/Down Movements": Up and down movements are highlighted in color / default value = AN
"Cross Points: On/Off": Cross points are displayed / default value = OFF
"Bands: On/Off": Vortex lines are connected as a band / default value = OFF
"Bands: Transparency": Strength of transparency / default value = 85
Color codes: The color codes are explained in the settings
