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)

   5. Ok to close the Indicator Editor.
   5. New to open the Indicator Editor for a new indicator.

   6. 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)

      6. Ok to close the Indicator Editor.
      7. Ok to close Indicator Builder

   7. Tools > the New
   8. 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))

   5. 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)

   7. 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)

   8. 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)

   10. 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)

   11. 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)

   13. 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))

   14. 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)

   16. OK to close the system editor.

   
   William Golson
   MetaStock Support