Candles Indicators for vertex FX
Hi,
We have converted an Candle Indicators in to a .VTL file which is compitable with VertexFX. Candle Indicators works with following three indicators..
RSI :-
A technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. It is calculated using the following formula:
RSI = 100 - 100/(1 + RS*)
*Where RS = Average of x days' up closes / Average of x days' down closes.
if the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely
to become undervalued. This will give the change in price with the relative prices of the instrument in previous timings
The overbought will give a sell signal and the oversold will give a buy signal



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