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();3 comments
Leave Comment
Please login here to leave a comment.
Back
thanks
This indicator is very nice and useful.
is it possible to convert that to exploration and scanner? I tried but not successful (i am a newbie in AFL).
here is my code.
it did not have an error but no output!!!!
@_SECTION_BEGIN(“MA of ADX of VOrtex”);
// v 0.001 2
// MA of ADX of VOrtex
// Developed by Mehdi based on the ADX of Vortex download from internet
// ****************************************************************************************
// MAIN CODE
// ****************************************************************************************
period = Param(“Period” , 14, 2 );
period2 = Param(“Period2” , 3, 2 );
VMP = Sum( abs( H – Ref( L, -1 ) ), period );
VMM = Sum( abs( L – Ref( H, -1 ) ), period );
STR = Sum( ATR, period );
VIP = VMP / STR;
VIM = VMM / STR;
DIDif=abs(VIP-VIM)10;
DISum=(VIP+VIM)10;
ADXofVortex=100*Wilders(DIDif/DISum,period);
VIPD= VIP*10; // VIP Data
VIMD=VIM*10; //VIM Data
Plot( VIPD, “VI-Plus”period, colorBlue | styleThick );
Plot( VIMD, “VI-Minus”period, colorRed );
Plot(ADXofVortex,“ADX of Vortex”, colorWhite, styleThick | styleLine);
MAADXV= MA; // moving average of ADX of Vortex
Plot (MA, “MAADXV”, colorYellow, styleThick | styleLine);
Plot(15,"",colorWhite,styleLine);
Plot(10,"",colorWhite,styleDashed);
// END OF “MAIN CODE” SECTION
// ****************************************************************************************
// TRADING SYSTEM ENTRY FORMULAS
// ****************************************************************************************
Buy = Cross(ADXofVortex, MAADXV) AND VIP > VIM;
Short = Cross(MAADXV, ADXofVortex);
// Exploration in Amibroker
Filter = 1;
AddColumn(VIP,“VIP”,format=1.4);
AddColumn(VIM, “VIM”, format=1.4);
AddColumn(Buy, “Buy”, format=1.0);
AddColumn(Short, “Short”, format=1.0);
//AddColumn(BuyPrice, “BuyPrice”, format=1.2);
//AddColumn(ShortPrice, “ShortPrice”, format=1.2);
// END OF “TRADING SYSTEM ENTRY FORMULAS” SECTION
// ****************************************************************************************
// TRADING SYSTEM EXIT FORMULAS
// ****************************************************************************************
Sell = Short;
Cover = Buy;
// Exploration in Amibroker
AddColumn(Sell, “Sell”, format=1.0);
AddColumn(Cover, “Cover”, format=1.0);
//AddColumn(SellPrice, “SellPrice”, format=1.2);
//AddColumn(CoverPrice, “CoverPrice”, format=1.2);
// END OF “TRADING SYSTEM EXIT FORMULAS” SECTION
// ****************************************************************************************
// TRADING SYSTEM EXCESSIVE ENTRY/EXIT SIGNALS REMOVING FORMULAS
// ****************************************************************************************
Buy = ExRem(Buy, Sell);
Sell = ExRem(Sell, Buy);
Short = ExRem(Short, Cover);
Cover = ExRem(Cover, Short);
// END OF “TRADING SYSTEM EXCESSIVE ENTRY/EXIT SIGNALS REMOVING FORMULAS” SECTION
// ****************************************************************************************
// END OF CODE (BBFEAR.AFL)
// ****************************************************************************************
/**/
_SECTION_END();
@
@makhlaghi
I have not tried it.