Re: [EquisMetaStock Group] Vortex Indicator

[Bob Waits <bobwaits2@xxxxxxxxx>]

Thanks Preston. Haven't received my Jan Issue yet, but how does on use this indicator -- I am assuming when the fast moving line crosses the slower moving line from below.

Also, what are the backtest results for this indicator and how would one code this for the expert advisor?

Thanks.

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From: pumrysh <no_reply@xxxxxxxxxxxxxxx>
To: equismetastock@xxxxxxxxxxxxxxx
Sent: Tue, December 29, 2009 9:01:04 PM
Subject: [EquisMetaStock Group] Vortex Indicator

 

Here's the Metastock code for the Vortex Indicator
discussed in the January 2010 issue of TASC

{Vortex Indicator}
{TAS&C Jan 2010}
{Written for Metastock by Preston Umrysh}
Period:= Input("Enter periods",1,100, 14);
VMP:=Sum(Abs( H-Ref(L,- 1)),period) ;
VMM:=Sum(Abs( L-Ref(H,- 1)),period) ;
STR:=Sum(ATR( 1),period) ;
VIP:=VMP/STR; VIP;
VIM:=VMM/STR; VIM;
{end}

enjoy,

Preston

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