The "F.B_Vortex Indicator Pro" is a technical analysis tool designed to identify trends in financial markets. It calculates two Vortex Indicators (VI) based on price movements, considering positive and negative price changes.
The [1] smoothed VI+ line represents the smoothed negative trend, while the [2] smoothed VI+ line represents the smoothed positive trend.
The crossing of the [2] smoothed VI+ line above the [1] smoothed VI+ line could indicate a potential bullish trend. Conversely, the crossing of the [1] smoothed VI+ line above the [2] smoothed VI+ line suggests a possible bearish trend.
The "Smoothed VI-" line is also displayed. When the Smoothed VI- line is above both the [1] smoothed VI+ line and the [2] smoothed VI+ line, it may signal a transition to a bearish main trend or indicate an expected one.
When the Smoothed VI- line is below both the [1] smoothed VI+ line and the [2] smoothed VI+ line, it may indicate a transition to a bullish main trend or suggest an expected one.
Adjustments can be made using input parameters such as length and smoothing periods to tailor the indicator to specific market conditions.
Does the indicator work well for you? do you have any requests for improvement?
bngoller
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Hey, out of curiosity has anyone found a more accurate set of parameters for 15m and 1h frames?
F-B_AutoPilot
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@bngoller, Try the parameters: Length: 40 Smoothing period 1 for VI+: 25 Smoothing period 2 for VI+: 8 I've tested them on 15-minute Bitcoin data, and they seem quite solid.
F-B_AutoPilot
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@bngoller, The following settings work well on the 1-hour chart:
Length: 26 Smoothing period for VI +: 9 Smoothing period for VI +: 3
Otherwise, just try experimenting a bit. :)
dwaynereid84
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What is the white line for? How to use it?
F-B_AutoPilot
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@dwaynereid84, Hey, it's great that you're asking. I didn't explain it very well in the description of the indicator, how the white line (Smoothed VI-) indicates the overall trend.
If the value of the Smoothed VI- rises, it means a downtrend.
If the value of the Smoothed VI- falls, it signals an uptrend.
So you can use this as an additional confirmation for bullish and bearish trend signals.
ElvianElvy
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Will try it out and type out some feedback here or dm you :)
F-B_AutoPilot
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@ElvianElvy, I'm looking forward to your results :)