VortexTVortexT is an oscillator based on the Vortex Indicator. It measures the strength of upward and downward price movement with two lines, VI+ and VI-, and compares them to show which side dominates the market. On top of that it adds a trend background, a difference histogram and automatic divergence detection.
How It Works
Calculation
VI+ = sum of |high - previous low| over N bars, divided by the sum of the True Range over N bars.
VI- = sum of |low - previous high| over N bars, divided by the su
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