The Vortex Oscillator Indicator is a popular and free MT5 Forex indicator that is useful for traders of all levels. This indicator is based on the Vortex Indicator created by Etienne Botes and Douglas Siepman, and it is used to identify trend direction and potential reversals in the market. The Vortex Oscillator is a unique indicator that combines two different types of trend indicators, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI). This indicator is designed to identify the strength of a trend and the potential for a price reversal. It is also used to identify overbought and oversold levels in the market. The Vortex Oscillator is composed of two lines, a positive line and a negative line. The positive line is based on the MACD and is used to identify the strength of an uptrend, while the negative line is based on the RSI and is used to identify the strength of a downtrend. When the positive line is above the negative line, it indicates that the market is in an uptrend, and when the negative line is above the positive line, it indicates that the market is in a downtrend. The Vortex Oscillator is a useful indicator for traders who want to identify potential reversals in the market.
MT5
Vortex Oscillator
The Vortex Oscillator Indicator MT5 is a popular and useful free Forex indicator that is used to identify and confirm trend reversals. This indicator works by combining two moving averages with the MACD histogram. It then plots the result on the chart as a single line. The Vortex Oscillator Indicator MT5 is a great tool for traders who want to spot potential trend reversals in the market. It is easy to use and can be used to make informed trading decisions.
| Trading Style | , |
|---|---|
| Indicator Type | , |
| Timeframe | , , |
| Platform |
0
People watching this product now!
Downloads - 36
Description
Reviews (0)
How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
Related products
MACD Divergence
The MACD Divergence Indicator is a powerful tool that helps traders identify trend reversal points in the market. It is a popular and free indicator that is compatible with the MT4 platform. This new indicator plots divergences between the MACD indicator and the price on your chart, making it easy to spot potential trend reversals. It works by measuring the difference between two moving averages, and traders can use it to identify bullish or bearish divergences. With its ability to identify trend reversal points, this indicator is useful for both beginner and advanced traders.
FX5 MACD Divergence
The MACD FX5 Divergence Indicator is a new and popular forex indicator that runs on the MT4 platform. This is a free indicator that traders can use to identify potential trend reversals and momentum shifts. The indicator is based on the Moving Average Convergence-Divergence (MACD) indicator, which measures the distance between two moving averages. It analyzes the divergence between the MACD indicator and price action and then generates buy or sell signals. Use this indicator to better understand market trends and take advantage of potential profit opportunities.
AO Divergence
The AO Divergence Indicator is a useful BE4 tool for forex traders who want to identify divergence patterns in the market. This new MT4 indicator is popular with traders due to its effectiveness in spotting divergence patterns and predicting potential price reversals. It works by analyzing the Awesome Oscillator (AO) and highlighting divergence patterns that may indicate possible trend changes. The AO Divergence Indicator is easy to use and can be a valuable addition to any trader's toolbox.
Synthetic VIX
The Synthetic VIX Indicator is a popular and free Forex indicator for the MT4 trading platform. The indicator utilizes a combination of price action and signals from multiple time frames to accurately predict market movements. The Synthetic VIX indicator can be used to identify potential entry and exit points in the market, as well as to identify trend reversals and breakouts. It is designed to provide traders with an easy to use and reliable indicator that can help them make informed trading decisions. With its accurate and reliable signals, the Synthetic VIX Indicator is a great tool for any trader looking to improve their trading performance.
ROC Indicator
The ROC Indicator is a popular and useful Forex indicator for MT4 that is free to download. It is used to measure the rate of change in price movements over a given time period. The indicator is useful for traders as it can help identify when a price is overbought or oversold, and when a trend is reversing. The ROC Indicator is a popular and useful tool for traders who want to make informed decisions about their trading strategies.
Reviews
There are no reviews yet.