Vertex Indicator – a successful combination of indicators

Vertex Indicator is a combined oscillator that combines the readings of several indicators, which makes it possible to accurately predict the trend reversal. The Vertex MOD 3.01 alerts + arrows is composite and includes two modules, one of which is a basic oscillator. The visualization of the optimal places for entering the market is the signal arrows - the ease of interpretation of signals attracts beginners, however, experienced traders are often used by such an indicator in their systems.

Characteristics of Vertex Indicator
How does the Vertex Indicator work

Vertex Indicator is the result of combining three classic indicators: Momentum, Moving Averages and Bollinger Bands. These tools are in the list of free applications in MT4, and therefore known to both beginners and experienced traders.

The markup of the indicator is formed step by step:

  1. Vertex MOD 3.01 alerts + arrows calculates a modified version of Momentum, which is represented on the chart with blue and red lines.
  2. The information obtained is used to build Bollinger envelopes.

Arrows to identify the turning points on the price movement chart simplify the orientation in the market situation, providing the trader with specific signals for entry. The Vertex Indicator can be used with the default settings, so you do not need to change them during the installation, but you can adjust all important options if you want:

  • Processed – data processing period for technical analysis
  • Control_Period – data processing period for calculations for the construction of a moving average - this line has a blue color by default
  •  Signal_Period – data processing period for constructing the Momentum red signal line in the Vertex MOD 3 Indicator
  • Signal_Method – method for constructing a moving average
  • BB_Up_Period/BB_Dn_Period – data processing period for building Bollinger Bands - 2 values for channel formation
  • BB_Up_Deviation/BB_Dn_Deviation – number of standard deviations for the first Bollinger Bands - 2 values for forming both sides of the channel
Rules of trade by the Vertex MOD 3 Indicator

BUY:

  1. The red line is below the upper Bollinger line, while its value is below the level -6. This factor is normal and is marked on the chart by an arrow pointing upwards
  2. Momentum reached a level -10, which means a strong impulse - such a strong entry point is additionally indicated by a aqua dot

SELL:

  1. The red line is above the upper Bollinger line, and its value is above level 6. This factor is normal and is marked on the chart by an arrow pointing down
  2. Momentum reached the level 10, which means a strong impulse - such a strong entry point is additionally indicated by a pink dot

vertex-trade-examples

It is worth noting that such an indicator signal as an arrow is often repainted, whereas an arrow with a dot is a strong signal, which is worth paying attention to.

Vertex MOD 3 indicator can become the basis for creating a profitable trading strategy, the main thing is that in addition to the indicator there were other filters for the signals. For such a system it will be necessary to select a currency pair and a timeframe on which trading strategies will work optimally.

In the archives Vertex_Mod_3.01.rar:

  • Vertex MOD 3.01 alerts + arrows.ex4
  • Vertex MOD 3.01 alerts + arrows.mq4
  • Vertex_template.tpl

Free Download Vertex MOD 3.01 alerts + arrows

13 Responses

  1. wout

    Hey,

    Are there systems that you can use on M5 and that give more signals?
    for example every quarter of an hour

  2. wout

    This template is certainly more for forex and not for binary option?

  3. ANDRE VIC

    are this Repaint or No repaint…?

    • Rainwalker

      Find it out yourself.

      Daniel shares his indicators for free

      Without moneymanagement, you can trash every indicator.

  4. rak

    Funny :P

  5. Shark

    Indicator repaint?

  6. oz

    most likely repaint… look at the location of arrows.. almost perfect… publisher is not dumb enough to give free such an indy like this.. waste of time..

  7. Mtug

    Thanks Sonia, you must x

  8. Douglas

    Tem o codigo fonte? ou um EA implemetado?

  9. Абдерус Деметри

    This Indicator are dead. Dont work totally. Mr Daniel Please fix this indicator or should remove from website. its just weasting time,

    Thanks

  10. pua

    This is not repaint indicator. Why are you guys so mad. I have tried this few days ago and try to refresh it, the arrow and the signals doesn’t dissapear. And I earn pretty much from it. And also it is free. Don’t get it why you should mad.

    • wiss

      Hello but it is only not repaint in lower time frame like M1. Try it out yourself and you will see

      • Juan

        De todos los miles de indicadores que hay por ahí, cual de ellos es efectivo, y que no repinte para poder hacer entradas en h1-h4? Aunque sea de pago, me da igual, pero que funcione, si alguien lo sabe, por favor espero respuesta, saludos a todos

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