INVITE-ONLY SCRIPT
Vortex Trend Tracker 2.0 + RSI
The Vortex Indicator may seem complex, but it is essentially composed of an uptrend line and a downtrend line. It can be used to track trend strength, anticipate reversals, and generate entry and exit signals. The calculation for the indicator is provided in the open-source code below.
To minimize false signals produced by the indicator, we incorporated an Exponential Moving Average of vmPlus and vmNegative values with a default length of 10. Reducing this length would result in a more responsive vortex, but at the cost of increased false signals.
The chart displays the absolute value of the difference between the uptrend and downtrend lines as the main histogram. If the uptrend line surpasses the downtrend line (indicating positive movement), the histogram bars will be either light green or dark green. Dark green bars indicate that the uptrend has just crossed over the downtrend line or is increasing in strength. If the uptrend line is greater than the downtrend line but decreasing, then the bars will be light green. This indicates that the upward trend is losing strength.
Conversely, if the downtrend line is greater than the uptrend line, indicating a negative trend, the bars will be either red or light red. A red bar signifies that the downtrend line has only recently crossed the uptrend line or is increasing in value. Light red bars indicate that the downtrend is weakening despite being greater than the uptrend line.
One way to trade using the Vortex is to go long when the bar color changes from red to light red, suggesting that the downtrend is weakening and an upward reversal is likely to occur soon. Traders can then exit their long position when the bars change from dark green to light green since that implies that the uptrend is losing momentum and prices are unlikely to continue rising.
Traders can also choose to have the uptrend and downtrend lines plotted in the input menu to facilitate visualizing the Vortex's usefulness in identifying reversals.
To minimize false signals produced by the indicator, we incorporated an Exponential Moving Average of vmPlus and vmNegative values with a default length of 10. Reducing this length would result in a more responsive vortex, but at the cost of increased false signals.
The chart displays the absolute value of the difference between the uptrend and downtrend lines as the main histogram. If the uptrend line surpasses the downtrend line (indicating positive movement), the histogram bars will be either light green or dark green. Dark green bars indicate that the uptrend has just crossed over the downtrend line or is increasing in strength. If the uptrend line is greater than the downtrend line but decreasing, then the bars will be light green. This indicates that the upward trend is losing strength.
Conversely, if the downtrend line is greater than the uptrend line, indicating a negative trend, the bars will be either red or light red. A red bar signifies that the downtrend line has only recently crossed the uptrend line or is increasing in value. Light red bars indicate that the downtrend is weakening despite being greater than the uptrend line.
One way to trade using the Vortex is to go long when the bar color changes from red to light red, suggesting that the downtrend is weakening and an upward reversal is likely to occur soon. Traders can then exit their long position when the bars change from dark green to light green since that implies that the uptrend is losing momentum and prices are unlikely to continue rising.
Traders can also choose to have the uptrend and downtrend lines plotted in the input menu to facilitate visualizing the Vortex's usefulness in identifying reversals.
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作者的说明
This is just for studies.
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系eheiss1967。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
This is just for studies.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。