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edakad

Leman Trend Alert VertexFX

By edakad, in Trading Indicators

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edakad    10

edakad
Posted

Hello,

 

This is a client side VTL script for VertexFX Terminal

 

Leman Trend indicator tries to identify the trend direction by measuring price acceleration. For price acceleration, Leman trend uses 3 different periods. The

 

upward momentum of price is plotted as a green line and downward momentum as a red line.

 

When the upward momentum rises above downward momentum, (green line crossing above red line) trend direction is up and the opposite for down trend. The green

 

and red line cross over can be used for trading signals. When green line rises above red line, price is expected to trade higher and when red line rises above

 

green line, price is expected to trade down.

 

http://www.hybrid-solutions.com/plugins/client-vtl-plugins/free/leman-trend-indicator-and-alert.html

 

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