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Value
Chart - This chart shows the +VI (green) and -VI (red) components of the
Vortex Indicator discussed in the article titled "The Vortex Indicator" in
the January 2010 Issue of Stocks and Commodities magazine, by Etienne Botes
and Douglas Siepman. The authors suggest taking a long position when
+VI crosses above -VI, and a short when -VI crosses above +VI.
The +VI and -VI are implemented with two custom
indicators. The syntax for +VI is simply:
SUM(HI - LO.1, 14) / SUM(TR, 14)
While the syntax for -VI is:
SUM(HI.1 - LO, 14) / SUM(TR, 14)
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