Verde Solution

The KalmanFilterVelocity (KFV) is a powerful VertexFX client-side indicator based on the Kalman Filter (KF) algorithm. The KalmanFilterVelocity indicator employs the Kalman Filter to estimate the direction and strength of the trend. It is particularly useful in identifying reversal or trends. It enhances the standard Kalman Filter but detecting the velocity (the rate of change) of the base Kalman Filter. A change in the direction of the velocity implies a change a trend. In the first step we calculate the Kalman Filter also known as Linear Quadratic Estimation for all the prices. We use the change in the closing price of each candle and its predecessor to estimate whether this change is sustainable. Hence, if prices are rising, but at a slower rate it implies that the trend is ending. Likewise, if the price is falling, but at a slower rate it implies that the bearish trend is ending. When the KFV changes from RED to BLUE below the zero level it implies that a strong bullish trend has started and the trader can enter LONG positions. On the contrary, when the KFV changes from BLUE to RED above the zero level it implies that a strong bearish trend has started and the trader can enter SHORT positions. A change from RED to BLUE above the zero level, or from BLUE to RED below the zero level is ignored because it is identified as weakness or whipsaws. BUY / EXIT SHORT - In TREND mode, enter LONG (or exit SHORT) at the close of the candle when the KFV indicator turns BLUE below the zero level. In KALMAN mode, enter LONG (or exit SHORT) when the KFV indicator turns BLUE. The stop-loss should be placed at the nearest Swing Low. SHORT / EXIT LONG - In KALMAN mode, enter SHORT (or exit LONG) at the close of the candle when the KFV indicator turns RED above the zero level. In KALMAN mode, enter SHORT (or exit LONG) when the KFV indicator turns RED. The stop-loss should be placed at the nearest Swing High. KalmanFilterVelocity (2).rar

The Consecutive RSI is a powerful VertexFX client-side indicator based on the Relative Strength Index (RSI). The Relative Strength Index (RSI) indicator is useful in identifying the current trend, and its strength. When the RSI is rising it indicates a bullish trend and when it is falling it indicates a bearish trend. It is observed that in strong trending markets, prices tend to rise fast when they reach overbought levels. Likewise prices tend to fall quickly when the reach oversold levels. This is because when the trend is strong and it attracts more (and new) market participants. As a result traders can expect to make good profits when the Consecutive RSI generates signals. In the first step we calculate the Relative Strength Index. A BUY signal is generated when the RSI crosses above the overbought level (e.g. 70) from below, and is rising consecutively for the specified number of candles. This implies a strong bullish trend with new market participants. The price tends to rise very quickly from this level before the trend ends. A SELL signal is generated when the RSI crosses below the oversold level (e.g. 30) from above, and is falling consecutively for the specified number of candles. This implies a strong bearish trend with new market participants. The price tends to fall very quickly from this level before the trend ends. By using the number of consecutive candles (CONSECUTIVE_BARS) we filter out weak trends, whipsaws or saturation in prices around overbought and oversold levels. BUY / EXIT SHORT - Enter LONG (or exit SHORT) at the close of the candle when the BUY entry arrow is displayed on the chart. The stop-loss can be placed at the nearest Swing Low. A trailing stop is also recommended when the position is profitable. SHORT / EXIT LONG - Enter SHORT (or exit LONG) at the close of the candle when the SELL entry arrow is displayed on the chart. The stop-loss can be placed at the nearest Swing High. A trailing stop is also recommened when the position is profitable. ConsecutiveRSI (1).rar

The Welford Variance indicator is a useful VertexFx client-side indicator for identifying trend changes on higher time-frames. It calculates the standard deviation and variance of the price changes over the Variance Period (VAR_PERIOD), and then smoothes it using a smoothing co-efficient. The Welford Variance indicator should be used in combination with other trend-following oscillators like Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD) or Stochastic Oscillator. The standard deviation defines how much the current price is deviating from the mean price. Higher the standard deviation, greater is the volality. In the first step, we calculate the mean and standard deviation of the recent VAR_PERIOD candles. In the next step, we calculate the variance by subtracting the price from the standard deviation. Finally, we smooth the variance, using the co-efficient, which is reciprocal of (1 + VAR_PERIOD). When the variance increases, the probabilty of fast price movement in the current direction is very high. As a result the Welford Variance indicator can provide powerful trade entries with minimal lag. BUY / EXIT SHORT - Enter LONG (or exit SHORT) at the close after the Welford Variance indicator has bottomed out and is rising, and other confirmation indicator like RSI, MACD or Stochastic Oscillator has turned bullish. The stop-loss can be set to the nearest Swing Low. SHORT / EXIT LONG - Enter SHORT (or exit LONG) at the close after the Welford Variance indicator has peaked out and is falling, and other confirmation indicator like RSI, MACD or Stochastic Oscillator has turned bearish. The stop-loss can be set to the nearest Swing High. variance welford.rar

The RMA (Relative Moving Average) is a powerful VertexFX client-side indicator based on the Simple Moving Average indicator. The Simple Moving Average (SMA) indicator is useful to identify the start and reversal of a trend. When the price closes above the SMA it is considered bullish signal, and when it closes below the SMA it is considered bearish signal. However, one of the major drawbacks of the SMA is lag and whipsaws. The SMA is a lagging indicator, and as a result the signals are late thereby reducing profit opportunities. Similarly in sideways markets, the SMA generates whipsaws which can result in too many trades and losses. The RMA indicator attempts to remove the drawbacks of the SMA by reducing the lag period. The RMA is calculated using three moving averages, namely long term, medium term and short term. The long term period is computed as three times the RMA_PERIOD. The medium term is computed as twice the RMA_PERIOD, and the short term is computed using the RMA_PERIOD. We subtract the medium term SMA from the long term SMA and then add the short term SMA. Thus, RMA = SMA(3 x PERIOD) - SMA(2 x PERIOD) + SMA(PERIOD) The RMA reduces the lag of the SMA, by subtracting the medium term SMA and then adding the long term SMA. Any movements that occurred over the longer period are automatically filter out thereby reducing the lag. BUY / EXIT SHORT - Enter LONG (or exit SHORT) at the close of the candle when the RMA indicator turns GREEN and the price is above the RMA indicator. The stop-loss can be set to the nearest Swing Low. SHORT / EXIT LONG - Enter SHORT (or exit LONG) at the close of the candle when the RMA indicator turns RED and the price is below the RMA indicator. The stop-loss can be set to the nearest Swing High. RMA (4).rar

The Dynamic Zone RSI is a powerful VertexFX client-side indicator based on the Relative Strength Index (RSI) and Bollinger Bands used to identify market swings. The Relative Strength Index (RSI) indicator is useful in identifying the current trend, and its strength. When the RSI bottoms out and starts to rise it implies a bullish trend. On the contrary, when the RSI tops out and starts to fall it implies a bearish trend. The Bollinger Bands provides a trading range for the price based on standard deviation. The Dynamic Zone RSI indicator combines these two indicators to provide a composite overview of the trend. In the first step, the RSI is calculated based on the RSI period. In the second step, the Bollinger Bands of this RSI are calculated to generate the center, upper and lower RSI zones. The range between the upper and lower band is called the Dynamic Zone. When the RSI is below the lower band, the trend is bearish. When it turns sideways or bottoms out, the trend now becomes neutral. When the RSI crosses above the lower band from below it is considered the start of a bullish trend. Likewise, when the RSI is above the upper band, the trend is bullish. When it turns sideways or tops out, the trend now becomes neutral. When the RSI crosses below the upper band from above it is considered the start of a bearish trend. Unlike RSI which provides fixed levels (e.g. 30/70) for entry and exit, Dynamic Zone RSI adapts the trading levels based on the price and the characteristics. BUY / EXIT SHORT - Enter LONG (or exit SHORT) when the Dynamic Zone RSI (blue) crosses above the lower band from below. SHORT / EXIT LONG - Enter SHORT (or exit LONG) when the Dynamic Zone RSI (blue) crosses below the upper band from above. Dynamic zone RSI.rar

The RSI_Slowdown indicator is a powerful VertexFx client side indicator script to identify trend reversals. It is based on RSI indicator and the idea that as price slows down the RSI also slows down and tops (or bottoms) out thus indicating a change in direction. As the price stagnates, the RSI indicator reverses it direction from the overbought and oversold zones. This indicator captures the reversal at these overbought and oversold levels. A bearish reversal occurs when the RSI is above the LEVEL_MAX value and the RSI remains sideways. In such situations it is recommended to exit LONG positions. A bullish reversal occurs when the RSI is below the LEVEL_MIN value and the RSI remains sideways. In such situations it is recommended to exit SHORT positions. RSI_Slowdown (1).vtl

The Smoothed WPR indicator is a powerful VertexFx client side indicator script that provides insights into the market trend and reversal of trends. It is based on the Williams %R indicator. The Williams %R displays the relationship of the current closing price with respect to recent N highs and lows. Unlike normal oscillators, Williams %R is a negative oscillator, in the sense that -100 represents oversold conditions and 0 represents overbought conditions. The Williams %R although very useful in identifying trend reversals produces whipsaws when there is a large deviation in the latest closing price. To avoid whipsaws and provide more reliable technique for identifying reversals the Williams %R is smoothed using a smoothing co-efficient. By default the smoothing co-efficient calculated as 2 / (1 + SMOOTHING PERIOD). By default the smoothing period is same as the Williams %R period. However, the user can override the default smoothing period by set the value of SMOOTH_PERIOD to the desired period. When the value of Smoothed WPR is falling it indicates a bearish trend. When the value falls below -80 and starts reversing (or moves sideways), then oversold trend is nearing completion and the market should turn from bearish to neutral or bullish. Similarly, when the value of Smoother WPR is rising it indicaters a bullish trend. When the value rises above -20 and starts reversing or exhibits sideways movement, then it can be inferred that the bullish market is nearing completion. It is very likely that the market will turn sideways or bearish soon after this event. BUY / EXIT SHORT - It is recommended to enter a LONG position (or exit SHORT) when the Smoothed WPR is below -80 and starts moving sideways or upwards. SHORT / EXIT LONG - It is recommended to enter SHORT position (or exit LONG) when the Smoother WPR is above -20 and starts moving sideways or downwards. smoothed wpr.vtl

The EURX indicator is a powerful VertexFx client-side indicator script that calculates the Euro Index in real-time. The Euro Index is a powerful macro-economic indicator that presents a composite view of the European currencies. It is calculated from five major European currencies, namely EURUSD, EURGBP, EURCHF, EURJPY and EURSEK (Swedish Krona). The calculation of the Euro Index is as follows, 34.38805726 x Pow(EURUSD, 0.3155) x Pow(EURJPY, 0.1891) x Pow(EURGBP, 0.3056) x Pow(EURSEK, 0.0785) x Pow(EURCHF, 0.1113) where Pow(currency, exponent) is the exponent (power) of the currency value. The main Euro Index labeled EURX is plotted as a thick line. The indicator also plots two moving averages of the EURX, namely the short term and long term moving average. The periods of these averages can be configured and changed by modifying the SMA_PERIOD_SHORT and SMA_PERIOD_LONG respectively. The EURX depicts the strength of the Euro against the five major currencies, namely the US dollar, the Japanese yen, the Swiss franc, the British pound and the Swedish kroner. A rising EURX index implies that the Euro is gaining strength against other currencies, and a falling EURX index implies the Euro is weakening against the other currencies. Therefore, we buy when the EURX is rising and sell when EURX is falling. The short term moving average provides a reference as to when to buy or sell the Euro based on the EURX indicator. BUY : Enter a BUY trade in any of the Euro denonimated currencies, namely EURUSD, EURGBP, EURCHF, EURJPY or EURSEK when the EURX indicator crosses above its short term moving average. SELL : Enter a SELL trade in any of the Euro denominated currencies, namely EURUSD, EURGBP, EURCHF, EURJPY or EURSEK when the EURX indicator crosses below its short term moving average. EURX.vtl