Home Forex MT5 Indicators Vortex Trend MT5 Indicator

Vortex Trend MT5 Indicator

The Vortex Trend MetaTrader 5 Forex indicator is a technical gauge, which is based around the original Vortex Indicator, released in 2010. However, the MetaTrader 5 version of the indicator has made some modifications as listed below.

The indicator will show a coloured diagram, to highlight the trend direction within a separate window.

The different trend colours displayed within the MetaTrader screen are either Green, Red or Gainsboro (otherwise known as RGB).

The Green colour represents a bullish trend, whereas, the red colour signals a bearish trend and finally the Gainsboro colour portrays a sideways market.

The “Use vortex smoothing” is an important variable. It can be set to ‘Yes’, for which it will then start to deliver less random signals. When compared to when it’s set to ‘No’, it begins to randomises that characteristics.

How to trade with Vortex Trend indicator?

The Buy Signal: If you see the indicator put up a Green colour, go long. The signal dots within its indicator window.

The Sell Signal: If you see the indicator display a Red colored signal dot within its indicator window; go short.

The Exit Buy Trade: If you witness a bullish trend continue, close all buy orders. The indicator puts up 10 consecutive Gainsboro coloured signal dots. Furthermore, when the Gainsboro colored signals are less than 10, a Red signal will be displayed.

The Exit Sell Trade: If the bearish trend is running, close all sell orders. The user would witness 10 consecutive Gainsboro Vortex Trend signal dots. Or, if the signals are fewer than 10, than the green signal will be on display.

Tips: The indicator allows you to change all these settings and will allow you to choose the mist effective settings.

A further point involves the Bollinger Bands, you’re able to add these to your trade setup, which helps you speed up the settings with the indicator.

Vertex Trend MT5 Indicator free download:


New posts

Urban Towers MT4 Indicator

The Urban Towers indicator for Metatrader 4 displays buy and sell arrows - the position entry points accroding to...

Grand Capital No Deposit Bonus

GrandCapital is now offering free no deposit bonus. You can receive $500 without investing own money. This is great...

FreshForex No Deposit Bonus

FreshForex is now offering free no deposit bonus. You can receive $2019 without investing own money. Start trading straight...

FxOpen No Deposit Bonus

FxOpen is now offering free no deposit bonus. You can receive $10 welcome bonus without investing own money. Check...

Looking for something?

Popular posts

Xmaster Formula MT4 Forex Indicator

Xmaster Formula Indicator was made for traders like you can become real master of forex. This wonderful tool is suitable to use for trading...

Instant Buy Sell Signal

Instant Buy Sell Signal is profitable forex trading strategy that is really easy to use. It generate clear signals with arrows on charts. Below...

Trend Imperator V2 Trading System

Trend Imperator V2 is advanced forex trading system with clear arrows buy and sell signals. In the package you will receive following files: Trend_Imperator_V2e.ex4 Trend_Imperator_V2.ex4...

Binary Reaper – Non Repaint Binary Options Indicator

Below you can read a description from Binary Reaper indicator author: Are you Searching for a Custom Metatrader 4 (MT4) Arrow Indicator with at least...

Hyper EA Pro – profitable scalping robot

Hyper EA Pro is forex trading robot. It uses scalping strategy. EA place trades only during Asian session. Statistically it opens one trade per...

You might also likeRELATED
Recommended for you