The Vortex Indicator by Etienne Botes and Douglas Siepman
ARTICLE SYNOPSIS ...The Vortex Indicator by Etienne Botes and Douglas Siepman
The search for a reliable technical indicator for trading a change in market direction seems to be a never-ending quest. Ideally, such an indicator should be on time; neither lagging the market nor too sensitive. The Vortex Indicator was developed as a new directional movement indicator, drawing inspiration in part from J. Welles Wilder's directional movement indicator. The result is a simple but effective indicator that can be used to develop intriguing trading ideas.
After thoroughly researching technical tools, we concluded that t...