Hello,
I have converted the AA+ indicator to VertexFX client side VTL Script.
It is based on the alligator indicator. The AA+ indicator uses the alligator moving averages and price bars to find trend. It calculates the width between these moving averages and price bars, and quantifies the width. It then compares this value against a threshold level to identify trend reversals. The alligator moving averages are not plotted by AA+ indicator. However it plots a histogram for the quantified width between these moving averages, blue for uptrend and red for down trend. When the red histogram is above the threshold level, it is beginning of a down trend and when blue histogram is above threshold level, it is beginning of a new up trend.
Hope this is useful to VertexFX terminal users.
I have converted the AA+ indicator to VertexFX client side VTL Script.
It is based on the alligator indicator. The AA+ indicator uses the alligator moving averages and price bars to find trend. It calculates the width between these moving averages and price bars, and quantifies the width. It then compares this value against a threshold level to identify trend reversals. The alligator moving averages are not plotted by AA+ indicator. However it plots a histogram for the quantified width between these moving averages, blue for uptrend and red for down trend. When the red histogram is above the threshold level, it is beginning of a down trend and when blue histogram is above threshold level, it is beginning of a new up trend.
Hope this is useful to VertexFX terminal users.
