Vertex Alerts Arrows

Vertex Alerts Arrows

The Vertex Alerts Arrows indicator is made up of different indicators to tell you exactly when to trade. This guide will teach you how to use it.

The Vertex Alerts Arrow indicator for MT4 is an oscillator that uses multiple indicators to generate trade signals. These signals are shown in the form of arrows. A green up arrow will represent a buy signal. While a red down arrow will represent a signal to sell the instrument.

The Vertex Alerts Arrows indicator for MT4 is a combination of three different indicators, Bollinger Bands, Moving Averages, and Momentum. These are popular indicators used by most technical traders around the world. The indicator is formed in a manner wherein the code calculates an adjusted version of the momentum. This is found as blue and red lines on the indicator chart. The new version of the momentum is used to create Bollinger bands or envelopes.

As stated previously, the arrows help you identify trade opportunities. A green upward-pointing arrow and/or a blue dot will indicate a long. On the other hand, a red dot and a red downward-pointing arrow will indicate a sell signal. Arrows with dots beside them are stronger signals than signals with arrows only.

How To Trade The Vertex Alerts Arrows Indicator
Bullish or Buy Signal
There are certain conditions for a buy signal. These are included below:

Green Upward Arrow – The red line must be above the upper Bollinger band line. In addition, the red line must have a value below -6.
Blue Dot – Momentum has gone down below -10, which is a strong indicator to buy.
You may hold the position and exit at the next bearish signal.

Bearish Or Sell Signal
The conditions for a sell signal are as follows:

Red Downward Arrow – The red line must be above the upper Bollinger band line. In addition, the value of the red line must be above +6.
Pink Dot – The momentum has gone upwards above +10, which is a strong indicator to sell the instrument.
Now, you must hold the position and exit at the next bullish signal.

Conclusion
The Vertex Alerts Arrows Indicator is a great indicator for beginners looking for signals to buy or sell an instrument. However, analyses through other fundamental and technical factors must be made before using the indicator as oftentimes, the arrows and dots are repainted on the charts. It is up to the trader to implement sound analyses and risk management principles to be profitable in the industry.