### Stock Portfolio Organizer

The ultimate porfolio management solution.

### WiseTrader Toolbox

**#1** Selling **Amibroker** Plugin featuring:

### ADX of Vortex for Amibroker (AFL)

I found Vortex on www.wisestocktrader.com

I have added some calculations to generate ADX from it. It is smooth but sensitive.

.

1) Rising ADX of Vortex from 10 to 15 is trend building area to be noticed.

.

2) Cross of Vi-Plus and VI-Minus is similar to MDI & PDI so when blue line goes above orange/red it is buy signal and visa-versa.

.

3) If ADX of Vortex is falling but above 10 and below 15 avoid trade in such case because even if signal is generated by cross over of Vi-Plus and VI-Minus it may not give good profit.

.

4) Once the position is taken and Price is steady but ADX of Vortex is falling then keep eye on cross over of Vi-Plus and VI-Minus to exit from trade.

.

5) VI-Minus is also plotted in histogram mode so bearish trend can be noticed quickly.

ADX of Vortex by Mr. Abhimanyu Yashwant Altekar

Email@abhimanyu.altekar@gmail.com

### Screenshots

### Indicator / Formula

/*--------------------------------------------------------------------------------------------------------------------------------------------------------------- I found Vortex on https://www.wisestocktrader.com I have added some calculations to generate ADX from it. It is smooth but sensitive. . 1) Rising ADX of Vortex from 10 to 15 is trend building area to be noticed. . 2) Cross of Vi-Plus and VI-Minus is similar to MDI & PDI so when blue line goes above orange/red it is buy signal and visa-versa. . 3) If ADX of Vortex is falling but above 10 and below 15 avoid trade in such case because even if signal is generated by cross over of Vi-Plus and VI-Minus it may not give good profit. . 4) Once the position is taken and Price is steady but ADX of Vortex is falling then keep eye on cross over of Vi-Plus and VI-Minus to exit from trade. . 5) VI-Minus is also plotted in histogram mode so bearish trend can be noticed quickly. . ADX of Vortex by Mr. Abhimanyu Yashwant Altekar Email@abhimanyu.altekar@gmail.com ----------------------------------------------------------------------------------------------------------------------------------------------------------------*/ period = Param("Period" , 14, 2 ); VMP = Sum( abs( H - Ref( L, -1 ) ), period ); VMM = Sum( abs( L - Ref( H, -1 ) ), period ); STR = Sum( ATR( 1 ), period ); VIP = VMP / STR; VIM = VMM / STR; DIDif=abs(VIP-VIM)*10; DISum=(VIP+VIM)*10; ADXofVortex=100*Wilders(DIDif/DISum,period); Plot( VIP*10, "VI-Plus"+period, colorBlue | styleThick ); Plot( VIM*10, "VI-Minus"+period, colorRed ); Plot( VIM*10, "", colorOrange , styleClipMinMax | styleNoLabel | styleHistogram ); Plot(ADXofVortex,"ADX of Vortex", colorBlack, styleThick | styleLine); Plot(15,"",colorBlack,styleDashed ); Plot(10,"",colorBlack,styleDashed ); _SECTION_END();

### 1 comments

#### Leave Comment

Please login here to leave a comment.

Back
1.mdsayeemthanks