Syntax
public VMPlus (Bars ds, string description)
public static VMPlus Series(Bars bars, int period)
Parameter Description
| Bars |
The symbol's Bars object |
| period |
The lookback period |
Description
The VMPlus and
VMMinus indicators were introduced in the January 2010 issue of
Stocks & Commodities magazine. Similar to directional movement (
DX,
DIPlus,
DIMinus) in function and construction, VMPlus and
VMMinus are a pair of divergent indicators and their crossing points represent changes in trend.
Interpretation
When VM+ is above VM-, the market is trending up and vice-versa. The authors claim that you can use the Vortex Indicators to identify a trend's "start, existence, or
trend continuation" in any market."
Example
See
TASC Traders' Tip from January 2010