Vortex Indicator
Best forex trend-based MT4 indicator. Vortex indicator identifies trend direction, trend strength and provides BUY SELL trading signals. Free Download
The Vortex Indicator for MT4 provides forex traders with trend direction, trend strength, and BUY and SELL trading signals. The indicator has two simple lines which oscillate; traders use these lines to identify the beginning of a new trend and the best reversal points. The indicator is very useful for intraday and trend traders and can be incorporated easily in multiple trading methods.
Vortex Indicator Trading Signals
The above GBPJPY H1 chart shows the Vortex indicator for MT4. The indicator has two lines. The V+ line is the Uptrend line, and V- line is the Downtrend line. Vortex indicator displays the Uptrend line ( V+ ) in DODGERBLUE color and the Downtrend line (V-) in TOMATO color.
Forex traders can apply the Vortex Indicator for MT4 to any time frame and any trading instrument, and it is free to download.
The Vortex indicator trading signals are primarily based on the crossover of the lines. So, Forex traders can BUY if the DODGERBLUE line crosses over the TOMATO line to the Upward direction. Oppositely traders can SELL upon the crossover of the TOMATO line and the DODGERBLUE line to the Downward direction. Traders can hold the position and exit upon opposite trading signals.
Vortex Indicator For Trend
FX technical traders can easily establish the trend direction by the color on the top side of the indicator. If the DODGERBLUE line is on the top side, it indicates the presence of BUY Trend; on the other hand, the presence of TOMATO color line on the top indicates a SELL trend. The visual clues of the trend direction are straightforward and help the technical FX trader follow the trend and stay in the trend direction.
Another vital aspect of the Vortex Metatrader indicator is to provide forex traders with the trend strength. The deviation of the indicator lines from each other shows the strength of the trend. Also, the distance of the movement of the indicator line from the midpoints effectively shows the trend strength. If the indicator line moves far away from the trend forex traders consider it a strong move. On the other hand, a minor deviation between the indicator lines shows a weak trend.
New forex traders can benefit from identifying the beginning of a new trend and will be able to spot early reversal points. On the other hand, advanced traders can adjust the indicator settings and reduce trading signals to avoid trading with lower trend signals. However, traders should note that the higher value of indicator settings may produce late signals. Moreover, every currency pair will respond to other settings, so advanced forex traders should identify the best settings for every trading instrument.
Conclusion
The Vortex MT4 indicator is the best trend indicator for intraday and long term traders. Because, the indicator covers all aspects of the trend, namely trend direction and trend strength. Moreover, the crossover of the lines provides trend trading signals. Furthermore, the indicator is free to download.
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