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Forex Stock Exchange Forum  » Forex and Stock Trading English Forum » Platforms,Coding/Sripts,Expert Adviser,Indikators, » Vilatility Pivots - VertexFX Indicator

Vilatility Pivots - VertexFX Indicator

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1attention Vilatility Pivots - VertexFX Indicator Wed Mar 24, 2021 7:16 am

traderEd



Volatility Pivots is a trend following indicator. The indicator is calculated based on currency pair volatility displaying the nearest support and resistance levels. It uses the average true range and the exponential moving average of price in calculating support resistance levels. Then it plots these levels as a line on the chart. When the price is above the pivot line, it indicates an uptrend, and the price action below the pivot line indicates a down trend. Positions can be opened in the direction of the trend.

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