VMPlus - Vortex Movement Plus

Modified on 2010/04/09 15:06 by Administrator — Categorized as: TASCIndicators

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