VIplus
ProRealTime v11Returns the Vortex plus line of the Vertex indicator.
Syntax:
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1 |
VIplus[period] |
Where:
- period= calculation period of the Vertex indicator
Calculation:
The Vortex indicator is composed of two lines that look at positive and negative trend movement separately. VI+ measures distance between a previous low and a subsequent high. VI- measures distance between a previous high and a subsequent low. Interpretation When VI+ is above VI- there is a positive trend. When VI- is above VI+ there is a negative trend.
The vortex indicator gives a bullish signal when VI+ is crosses over VI-. It gives a bearish signal when VI+ crosses under VI-.
