Vortex Trend signal indicator. The indicator is based on Vortex indicator. It displays the colored diagram of the trend direction in a separate chart window.

There are five inputs:

  • Vortex period - Vortex indicator calculation period

  • Upper limit of the filtering range

  • Lower limit of the filtering range

  • Use Vortex smoothing - use smoothing of Vortex lines (Yes/No)

  • Smoothing - Vortex indicator lines smoothing period

  • Bullish trend (green signal pointers)
    When the line +VI of Vortex indicator exceeds Upper limit of the filtering range (default is 110) andWhen the line -VI of Vortex indicator is less than Lower limit of the filtering range (default is 90)

  • Bearish trend (red signal pointers)
    When the line -VI of Vortex indicator exceeds Upper limit of the filtering range (default is 110) andWhen the line +VI of Vortex indicator is less than Lower limit of the filtering range (default is 90)

  • In any other cases, it is considered that there is no trend (gray warning pointers)

If smoothing is enabled (__Use Vortex smoothing = Yes), the indicator's smoothed SMA lines with 'Smoothing' period are taken into account.

Fig. 1. Vortex Trend

Fig. 2. Vortex Trend + Vortex