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Bullish Reversal is a long only client side VTL auto trader. This is a bullish candlestick reversal pattern-based auto trader. The following bullish patterns are identified and when the pattern completes, the autotrader open buy position. All these candlestick patterns involve three candles. Abandoned Baby. The candlestick pattern is formed when: 1. The first bar is a large down candlestick located within a defined downtrend. 2. The second bar is a doji candle (open is approximately equal to the close) that gaps below the close of the first bar. 3. The third bar is a large white candle that opens above the second bar. Morning Doji Star. The candlestick pattern is formed when: 1. First candle is in a downtrend and have a black body 2. Second candle is doji and the doji body is below the previous candle body 3. Third candle is white body and candle body above the previous candle body Three Inside Up. The candlestick pattern is formed when: The market is in a downtrend or a move lower. The first candle is a black (down) candle with a large real body. The second candle is a white (up) candle with a small real body that opens and closes within the real body of the first candle. The third candle is a white (up) candle that closes above the close of the second candle. Three Outside Up. The candlestick pattern is formed when: The market is in a downtrend. The first candle is bearish. The second candle is bullish with a long real body and fully contains the first candle. The third candle is bullish with a higher close than the second candle. Three White Soldiers. The candlestick pattern is formed when: 1. The first candle seems like the continuation of the downtrend. It is a bullish candlestick meaning the closing price should be more than the opening price and indicates that the bulls are back into the action. 2. The second candlestick should also be bullish. The opening price should be within the real body of the first candlestick most preferably between the midpoint and closing price of the previous candlestick. The closing price should be above the previous candle’s closing price and should be higher than the previous candle’s closing price. 3. The third candlestick should also be a bullish candlestick having no or small shadow. The opening price should be within the real body of the second candlestick most preferably between the midpoint and closing price of the second candlestick. The closing price should be above the previous candle’s closing price and should be higher than the previous candle’s closing price. The trading system entry rules are: 1. A bullish candlestick reversal pattern is formed (The 5 patterns listed above). 2. The price is below 50 period exponential moving average. 3. Open a buy position on next candle start. The exit rules are: 1. Exit when stop loss of target is hit. 2. Exit when the trailing stoploss is hit. The stoploss, take profit, and trailing stoploss is configured with the parameters of the autotrader. By default it apply a trailing stoploss only. The autotrader works better on higher time frame charts like daily, weekly, etc. Test it on different timeframes before using it. Bullish Reversal AutoTrader.zip

Momentum deviation bands is a client side VTL indicator. It is similar to Bollinger bands. Bollinger bands use standard deviation of price in band calculation. Momentum deviation bands use momentum of price instead of standard deviation. It is used in the same way as Bollinger bands. Momentum deviation bands identify oversold overbought conditions in the asset price. It can be used to create mean reversion strategies as well as trend breakout strategies. A close above the upper band suggests a trend breakout. When price goes too far away from the upper band, it suggests an overbought situation and mean reversion strategies can be applied. When the band width is relatively small and it suddenly expands, it suggests a new trend development. Trades should be confirmed with other non corelated indicators. For example, when a upward breakout is identified by the momentum deviation bands, look for confirmation with some volume based indicator. Parameters: Period - Number of bars to calculate the bands Multiplier -A multiplication factor, similar to standard deviation in Bollinger bands MomPeriod -Momentum calculation period MomPrice -Price field for calculations, 1 Close, 2 Open, 3 High, 4 Low, 5 Median, 6 Typical, 7 Weighted MomentumDeviationBands.zip

Elegant Oscillator The elegant oscillator is client side VTL indicator. It is based on signal processing algorithms and used in mean reverting trading systems. Mean Reversion theory suggests that after an extreme price move, asset prices tend to return back to normal or average levels. Prices routinely oscillate around the mean or average price but tend to return to that same average price over and over. Mean reversion strategies open trades when price moves to extreme levels, expecting price to return to the historical mean price. This is a counter trend trading strategy. The elegant oscillator helps in identifying extreme price levels. Elegant Oscillator is a technical indicator based on signal processing techniques. It calculates the inverse Fisher transform of price and applies the smoothing filter to it. The resulting line oscillates between the values -1.0 and +1.0. Find out the extreme levels it reached in the historical chart and open a counter trend trade when it reaches around the historical extreme levels. It is better to be used with other indicators to confirm the signals. Parameters: Band Edge – Parameter to calculate the band edge, default is 20 Oscillator Period - Number of bars in the indicator calculations, default is 50 Price - Price field to calculate the indicator. 1 Close, 2 Open, 3 High, 4 Low, 5 Median, 6 Typical, 7 Weighted Test the indicator on charts with different parameter values and pick the best parameter values for each instrument before using it in trading. Elegant Oscillator.rar

Didi Index Clean & Reversed Didi index clean and reversed is a client side VertexFX VTL indicator. It is adapted from the Didi index indicator. In this version the slow line is displayed. The Did index is based on moving averages and show the trend direction. Didi Index CR is used in different ways by traders. When the Index is above 1, the trend is up, when it is below 1, the trend is down. In the original version of Didi Index, Trend is up when the slow line is below 1. Hence the name reversed. A simple method to trade is when the Didi index cross above the middle line, open a long trade, if it cross below the middle line, open a short position. The middle line is placed at 1. Use a fixed target and stoploss or base stoploss on support resistance levels. As the index shows the trend, one can open positions when pullback happens to a support/resistance level. Parameters: MA Method: Moving average type, 1 SMA, 2 EMA, 3 WMA Applied Price: Price field for indicator calculation, 1 Close, 2 Open, 3 High, 4 Low, 5 Median, 6 Typical, 7 Weighted Mean Period: Mean MA Period Slow Period: Slow MA Period Try different set of parameter values and back test the indicator before starting to trade with Didi Index. The indicator can be coupled with other indicators to generate reliable trading signals. Didi Index CR.zip

Close Bollinger bands crossover is a client-side VTL indicator. This indicator is based on Bollinger bands. The idea behind Bollinger bands is when the price is above the upper band, it is too high, and a mean reversion is expected. This indicator marks a red down arrow when the price closes above the upper Bollinger band. When the price close inside the Bollinger bands after closing above the upper band, it plots a green up arrow. This indicator is useful in short-term mean reversion trading. When the red arrow appears, consider opening a short trade and then cover the short trade when the price closes inside the band. However, in strong trends, this may fail. It is better to use these signals in rangebound market conditions. Parameters: 1. Period – The Bollinger band period, default is 20 2. Deviation – The standard deviations for bands, default is 2 3. Shift – Bar shift, default is 0 The basic assumption of Bollinger bands is price will remain inside the band most of the time, when price moves beyond the band, it will immediately come back inside the band. However, in strong trends, prices remain outside the band for longer periods before reverting inside the band. Identifying the overall market conditions before using the signals to open trades is important. In rangebound market conditions, these signals work better. CloseBBCrossover.zip

Trend RSI is a modified version of the classic RSI indicator. It smooths the price with a moving average before calculating the RSI. Then it applies a factor of ATR in smoothing out the RSI values. The plots are like classical RSI indicator. The yellow line is the Trend RSI value and the dotted line is the signal line. Trend RSI can be used as the normal RSI indicator. The difference is trend RSI indicator removes many whipsaw signals associated with the RSI. Trend RSI value above 80 is considered as overbought and value below 20 is considered as oversold conditions in the instrument. Some traders use 70 30 levels. In a consolidation, the overbought oversold levels signal reversal. In strong trends, overbought oversold levels mean a temporary pause in the trend before continuation. Some traders use Cross over between Trend RSI and its signal line can be used as signals. When a cross down happens sell positions can be opened. When up crossover happens buy positions can be opened. However, trades taken in the long term trend direction works best with this strategy. Another method is the divergence between price and Trend RSI. When price makes new lows, but Trend RSI fails to make new lows, buying is suggested. Price makes new highs, but Trend RSI fails to make new highs, selling is suggested. When divergence happens, it more likely that the prevailing trend will reverse direction. Parameters: RSIPeriod – RSI Period EMAPeriod – Smoothing MA Period for Price ATRPeriod – ATR Period K – Smoothing Factor TrendRSI.zip

Trendless Oscillator was developed by Joe DiNapoli and described in his book, Trading with DiNapoli levels. It used with Fibonacci Levels to open trades. However, it can be used as a standalone indicator or with other indicators and support resistance levels. Formula TrendlessOscillator = Close – Simple Moving Average of close with period 7 The basic idea of the Trendless Oscillator is when it is above 0, it is uptrend and when below 0, it is down trend. It is designed to show overbought oversold situations too. When it reaches an extreme level above 0, the instrument is considered in an overbought situation. This may lead to consolidation or trend reversal. Many times, trend pauses and continue in the original direction. The overbought levels are used as profit booking levels. The extreme levels in this indicator is a relative term, observe the charts and find the extreme levels indicator reached historically. This depends on the volatility of the instrument. Another method to use the oscillator is divergence. When price makes new high and oscillator fails to reach new high, there is divergence between price and oscillator. This happens when the trend is losing strength, and eventually lead to a reversal of trend. Trendless_OS.zip

Volatility Bands is based on the concept of Bollinger Bands. The difference is that volatility is used as the bands instead of standard deviation. It allows users to compare volatility and relative price levels over a period time. The indicator consists of three bands designed to encompass most of the security's price action. Volatility Bands are plotted at volatility levels above and below a moving average. A distinct characteristic of Volatility Bands is how the spacing between bands varies based on the volatility of prices. Like Bollinger Bands, the bands are self-adjusting: widening during volatile markets and contracting during calmer or trending periods. Volatility bands can help confirm trend, but they do not determine the future direction of a security. In an uptrend when price reaches the lower band buy position can be opened. In down trend, when price reach the band top sell is recommended. Volatility Bands is based on the concept of Bollinger Bands. The difference is that volatility is used as the bands instead of standard deviation. It allows users to compare volatility and relative price levels over a period time. The indicator consists of three bands designed to encompass most of the security's price action. Volatility Bands are plotted at volatility levels above and below a moving average. A distinct characteristic of Volatility Bands is how the spacing between bands varies based on the volatility of prices. Like Bollinger Bands, the bands are self-adjusting: widening during volatile markets and contracting during calmer or trending periods. Volatility bands can help confirm trend, but they do not determine the future direction of a security. In an uptrend when price reaches the lower band buy position can be opened. In down trend, when price reach the band top sell is recommended. Volatility Bands.zip

Percentage Channel, PCC is a modified version of the Donchain channel indicator. Instead of the N day High Low range used in Donchain channel, Percentage Channel uses a certain percentage value of the price to draw the channel. As price moves upward or downward, the PCC shows trading opportunities. It is a trend following indicator, and the signals make good profits on long lasting trends. Price trade inside the channel for considerable period and then breakout from the channel. This is likely to be a new trend beginning. Traders can open buy position when price establishes above the upper channel line. Short position is opened when price trade below the lower channel. Trading activity inside the channel indicates lack of strength in the current trend. Usually in an up trend most of the trading happens inside the upper channel line and mid channel line. In down trend, price action is more likely to confined within the lower channel line and mid channel line. PCC is used in long time frame charts like daily or weekly charts. The default value for parameter percentage in PCC is 2. Test the channel with different values for parameter percent and use the best parameter value for each instrument. The best value for percent depends on the volatility of the instrument. PCC avoids many false signals that occur with other channel indicators in tight trading ranges by choosing a proper value for parameter percent. PCC.zip

Saukey is based on a complex mathematical signal processing algorithm to capture the trend changes at an early stage. It plots two lines on the chart, like moving averages. In comparison to moving average cross over strategies, the Sdaukey indicator reduces the lag factor significantly. Trading signals with Sadukey indicator is simple. When the green line cross above red line, open long position. When red line cross below green line, go short. Stop loss can be placed below recent high or low. This is a good indicator to capture trend changes at an early stage, however in trading ranges, the signals may not be effective. This can be avoided with the help of other indicators. If a trading range is identified in chart, open trades on breakout of the trading range. Sadukey.zip

The Kase Peak Oscillator is made of statistical observation of prices over the last KPeriod. It automatically adapts its cycle to any timeframe or instrument by using a percentile rank of what happens now in comparison of the whole distribution of past values. It consists of a histogram and a line indicating overbought oversold levels. Buy Signal: Histogram cross above the zero level Sell Signal: Histogram cross below the zero levels When histogram reaches the line, chances are a reversal or consolidation may follow. However, in strong trends, the histogram may overshoot the line for may bars before slowing down. This can be used to book profits and open trades if reversal is confirmed by other indicators or price action. Like all indicators, Kase Peak Oscillator also generate whipsaws in consolidating markets. Divergence between the histogram and price bars present good trading opportunities. When price makes new lows and the oscillator fails to make new lows, it is a divergence between the price and the oscillator. When divergence happens, there is high probability that trend reverse upward. For trend reversal down, price makes new high and oscillator fail to reach a new high. KasePeakOscillator.zip

“Day Channel” indicator marks short term support resistance levels for intraday trading. It consists of the day’s High, Low, midpoint, and levels at 38.2% from the day high and low. Day channel is intended to use on lower time frame charts like 5 minutes, 15 minutes, etc. These levels become valid after a few hours of market open each day, best to use towards the closing session. Trading activity below the midline shows bearish sentiment for the day and above midline implies bullish sentiment. In the image, price breaks below the lower support line and trades lower. Later it consolidates between the two lower lines. The day high and low are good support resistance levels. Day channel is not a stand-alone indicator, it should be used together with price action or other indicators to confirm breakout or reversal at these levels. Candle patterns forming at these levels can be used to open trades. When a reversal candle pattern like engulfing bars, hammer, etc. form at these levels, trades can be opened. Day Channel.zip

Perfect Trend Lines, PTL, is a short-term trend trading indicator. The lines showing the trend in this indicator is not straight lines like normal trend lines. PTL indicator calculation is simple. First take the 7 bar high and low, then the 3 bar high and low. If the close price is above the 7 bar high and 3 bar high, then an uptrend is identified. When the close price is below the 7 bar low and 3 bar low then a downtrend is identified. These bars are considered as strong trend bars. The magenta line is the 7 bar high or low depending on the trend. The cyan line is the 3 bar high or low depending on trend direction. When price is trading between these 2 lines trend strength is weak. A magenta diamond shape appears when sell signal is generated. Cyan diamond shape appears for a buy signal. The magenta line can be used as stop loss. The cyan line provides a tighter stop loss level. Strong downtrend bars are marked by a magenta dot at the bar high and strong uptrend bars are marked by a cyan dot at the bottom of the bar. PTL.zip

Qualitative Quantitative Estimation (QQE) is based on a combination of smoothed Moving Average of RSI along with the average true range ATR. Volatile assets such as forex, futures, stocks etc. can be monitored using the Qualitative Quantitative Estimation (QQE) indicator. The indicator displays two lines; a fast and a slow-moving trailing stop line. The level 50 is important in QQE indicator. When the fast line (green line) is above 50, trend is considered bullish, if it is below 50, downtrend is assumed. The original QQE indicator trading strategy is to buy when the green line is above 50 and it cross above dotted red line. For a sell trade the green line is below 50 and green line cross below dotted red line. Some traders open Buy position when the green line is below 50 and it cross above red line. Another method is divergence between price and QQE indicator. When price makes new lows and QQE indicator’s green line fails to make new lows, buy position can be opened. When price makes New highs and QQE green line fails to make new highs, sell position can be opened. QQE.zip

Daily Volatility Breakout Client Side VTL Indicator is based on the idea that when price moves strongly in one direction from the day open, that move is likely to continue further. It is based on previous day’s volatility, the high low range of previous day. It marks a buy line at 70 percent above the day open price, and a stop loss level 50 percent above the day open. When price cross above the buy line and holds above it, opening long position is advised. The sell line is 70% below the day open and sell stop is 50% below day open. Short position is suggested when price cross below the sell line. The idea behind the indicator is that when price moves strongly in one direction from day open, the trend can continue in that direction. This is a trend following indicator and positions can be kept for a few days if the trend is strong enough after breakout from the Buy sell levels. Like any other trend following indicators, it does make false signals in consolidating markets. So use Daily Volatility Breakout indicator together with other indicators to confirm the signals. Daily Volatility Breakout.zip