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MS Support  
#1 Posted : Wednesday, January 26, 2011 4:21:42 PM(UTC)
MS Support

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The article “The Vortex Indicator” introduces a new indicator and a suggested trading method.

Both can be added to MetaStock with the formulas listed below.

I split the indicator into two separate formulas to make it easier to color them correctly. To enter these indicators into MetaStock:

  1. Tools menu, select New to open the Indicator Editor for a new indicator.
  2. tp:= Input("time periods",1,100,14);

    Sum(Abs(H-Ref(L,-1)),tp)/

    Sum(Max(H,Ref(C,-1))-Min(L,Ref(C,-1)),tp)

    1. Ok to close the Indicator Editor.
    1. New to open the Indicator Editor for a new indicator.
    2. tp:= Input("time periods",1,100,14);

      Sum(Abs(L-Ref(H,-1)),tp)/

      Sum(Max(H,Ref(C,-1))-Min(L,Ref(C,-1)),tp)

      1. Ok to close the Indicator Editor.
      2. Ok to close Indicator Builder

    3. Tools > the New
    4. Buy Order tab and enter the following formula.

    tp:= 14;

    vip:=Sum(Abs(H-Ref(L,-1)),tp)/

    Sum(Max(H,Ref(C,-1))-Min(L,Ref(C,-1)),tp);

    vim:=Sum(Abs(L-Ref(H,-1)),tp)/

    Sum(Max(H,Ref(C,-1))-Min(L,Ref(C,-1)),tp);

    bset:=cross(vip,vim);

    cross(h,valuewhen(1,bset,h))

    1. Order Type to Limit or Stop Price and enter the following formula:

    tp:= 14;

    vip:=Sum(Abs(H-Ref(L,-1)),tp)/

    Sum(Max(H,Ref(C,-1))-Min(L,Ref(C,-1)),tp);

    vim:=Sum(Abs(L-Ref(H,-1)),tp)/

    Sum(Max(H,Ref(C,-1))-Min(L,Ref(C,-1)),tp);

    bset:=cross(vip,vim);

    valuewhen(1,bset,h)

    1. Sell Order tab and enter the following formula.

    tp:= 14;

    vip:=Sum(Abs(H-Ref(L,-1)),tp)/

    Sum(Max(H,Ref(C,-1))-Min(L,Ref(C,-1)),tp);

    vim:=Sum(Abs(L-Ref(H,-1)),tp)/

    Sum(Max(H,Ref(C,-1))-Min(L,Ref(C,-1)),tp);

    sset:=cross(vim,vip);

    cross(valuewhen(1,sset,L),L)

    1. Order Type to Limit or Stop Price and enter the following formula

    tp:= 14;

    vip:=Sum(Abs(H-Ref(L,-1)),tp)/

    Sum(Max(H,Ref(C,-1))-Min(L,Ref(C,-1)),tp);

    vim:=Sum(Abs(L-Ref(H,-1)),tp)/

    Sum(Max(H,Ref(C,-1))-Min(L,Ref(C,-1)),tp);

    sset:=cross(vim,vip);

    valuewhen(1,sset,L)

    1. Sell Short Order tab and enter the following formula.

    tp:= 14;

    vip:=Sum(Abs(H-Ref(L,-1)),tp)/

    Sum(Max(H,Ref(C,-1))-Min(L,Ref(C,-1)),tp);

    vim:=Sum(Abs(L-Ref(H,-1)),tp)/

    Sum(Max(H,Ref(C,-1))-Min(L,Ref(C,-1)),tp);

    sset:=cross(vim,vip);

    cross(valuewhen(1,sset,L),L)

    1. Order Type to Limit or Stop Price and enter the following formula:

    tp:= 14;

    vip:=Sum(Abs(H-Ref(L,-1)),tp)/

    Sum(Max(H,Ref(C,-1))-Min(L,Ref(C,-1)),tp);

    vim:=Sum(Abs(L-Ref(H,-1)),tp)/

    Sum(Max(H,Ref(C,-1))-Min(L,Ref(C,-1)),tp);

    sset:=cross(vim,vip);

    valuewhen(1,sset,L)

    1. Buy to Cover Order tab and enter the following formula.

    tp:= 14;

    vip:=Sum(Abs(H-Ref(L,-1)),tp)/

    Sum(Max(H,Ref(C,-1))-Min(L,Ref(C,-1)),tp);

    vim:=Sum(Abs(L-Ref(H,-1)),tp)/

    Sum(Max(H,Ref(C,-1))-Min(L,Ref(C,-1)),tp);

    bset:=cross(vip,vim);

    cross(h,valuewhen(1,bset,h))

    1. Order Type to Limit or Stop Price and enter the following formula

    tp:= 14;

    vip:=Sum(Abs(H-Ref(L,-1)),tp)/

    Sum(Max(H,Ref(C,-1))-Min(L,Ref(C,-1)),tp);

    vim:=Sum(Abs(L-Ref(H,-1)),tp)/

    Sum(Max(H,Ref(C,-1))-Min(L,Ref(C,-1)),tp);

    bset:=cross(vip,vim);

    valuewhen(1,bset,h)

    1. OK to close the system editor.


    William Golson
    MetaStock Support

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