Compact mode

Vortex Indicator (VI)

Known for Trend Reversal Detection

Table of content

General Information
Characteristics
Facts

Application
Technical Details
Usage
Evaluation
Performance Metrics
Alternatives
FAQ

General Information

Indicator Type 📊

The category or classification of the trading indicator based on its primary function and analysis method.

Trend

Vortex Indicator (VI) is a Trend type indicator. Indicators that help identify and confirm market trends Click to see all.
Asset Class 💰

Specifies the financial instruments for which the indicator is most commonly used

Stocks

The asset classes Vortex Indicator (VI) is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.

Forex

The asset classes Vortex Indicator (VI) is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
Made In 🌍

The country or origin of the trading indicator

Australia

Vortex Indicator (VI) was developed in Australia. Trading indicators developed by Australian market analysts Click to see all.

Characteristics

Lagging or Leading 🏁

Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.

Lagging

Vortex Indicator (VI) is a Lagging indicator. Indicators that confirm trends after they have started Click to see all.
Complexity Level 🧑

Indicates the level of expertise required to effectively use the indicator

Intermediate

The complexity level of Vortex Indicator (VI) is Intermediate. Indicators balancing complexity and usability for traders with some experience. Click to see all.
Popularity 🏆

Indicates how widely used and recognized the indicator is in the trading community

Low

The popularity of Vortex Indicator (VI) among traders is considered Low. Indicators with lower adoption but potential unique insights Click to see all.

Facts

Interesting Fact 💡

An intriguing or lesser-known fact about the trading indicator

Inspired by the vortex concept in fluid dynamics
Sarcastic Fact 😉

A humorous or ironic observation about the trading indicator

It's like a weather vane for market trends

Application

Timeframe 🕑

The time intervals or periods for which the trading indicator is most effective or commonly used.

Daily

Vortex Indicator (VI) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders. Click to see all.

Technical Details

Calculation Method 🧮

The mathematical or analytical approach used to compute the trading indicator's values.

Price-Based

Vortex Indicator (VI) uses the Price-Based calculation method. Indicators focusing on price movements and patterns for market analysis. Click to see all.
Signal Generation 📊

Describes the methods by which the indicator produces trading signals

Crossovers

Vortex Indicator (VI) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes Click to see all.
Customization Options 🔧

Lists the parameters that can be adjusted to fine-tune the indicator

Period

Vortex Indicator (VI) offers customization options for Period. Enables customization of analysis timeframe Click to see all.

Usage

For whom 👥

The target audience or user group for the trading indicator

Trend Followers

Vortex Indicator (VI) is designed for Trend Followers. Identifies and confirms long-term market trends, suitable for trend-following strategies Click to see all.
Purpose 📈

The primary purpose or application of the trading indicator

Identifying Trend Strength And Direction

Vortex Indicator (VI) is primarily used for Identifying Trend Strength And Direction. Indicators for analyzing trend characteristics Click to see all.

Evaluation

Pros 👍

Advantages of using the trading indicator

Simple To Interpret

Effective In Trending Markets
Cons 👎

Disadvantages or limitations of the trading indicator

Can Produce False Signals In Choppy Markets

Indicators that minimize false signals in erratic or indecisive market conditions Click to see all.

Less Widely Used

Performance Metrics

Reliability Score 💯

A score indicating the overall reliability of the trading indicator

7

The reliability score of Vortex Indicator (VI) is 7 out of 10. Click to see all.
Ease of Use Score 💻

A score representing how user-friendly and intuitive the trading indicator is

7.5

The ease of use score for Vortex Indicator (VI) is 7.5 out of 10. Click to see all.
Versatility Score 🔀

A score indicating the adaptability of the trading indicator across different markets and timeframes

6.5

The versatility score of Vortex Indicator (VI) is 6.5 out of 10. Click to see all.
Customization Score 🔧

A score representing the degree of customization available for the trading indicator

6

The customization score for Vortex Indicator (VI) is 6 out of 10.
Score ⭐

The overall score of the trading indicator based on various performance metrics

6.75

The overall score of Vortex Indicator (VI) is 6.75 out of 10. Click to see all.

Alternatives to Vortex Indicator (VI)

Rainbow Moving Average

Known for Visual Representation Of Multiple Timeframes

🔀 is more versatile than Vortex Indicator (VI)

🔧 is more customizable than Vortex Indicator (VI)

⭐ is rated higher overall than Vortex Indicator (VI)

Elder Impulse System

Known for Combining Trend And Momentum

⭐ is rated higher overall than Vortex Indicator (VI)

Guppy Multiple Moving Average

Known for Visualizing Short-Term And Long-Term Trends

💯 is more reliable than Vortex Indicator (VI)

🔀 is more versatile than Vortex Indicator (VI)

🔧 is more customizable than Vortex Indicator (VI)

⭐ is rated higher overall than Vortex Indicator (VI)

McGinley Dynamic Indicator

Known for Improving On Traditional Moving Averages

💯 is more reliable than Vortex Indicator (VI)

🔀 is more versatile than Vortex Indicator (VI)

🔧 is more customizable than Vortex Indicator (VI)

⭐ is rated higher overall than Vortex Indicator (VI)

Directional Movement Index (DMI)

Known for Strength Of Price Movement

💯 is more reliable than Vortex Indicator (VI)

🔀 is more versatile than Vortex Indicator (VI)

🔧 is more customizable than Vortex Indicator (VI)

⭐ is rated higher overall than Vortex Indicator (VI)

Aroon Indicator

Known for Measuring Time Between Highs And Lows

💯 is more reliable than Vortex Indicator (VI)

🔀 is more versatile than Vortex Indicator (VI)

🔧 is more customizable than Vortex Indicator (VI)

⭐ is rated higher overall than Vortex Indicator (VI)

Slow Stochastic

Known for Momentum Measurement

💯 is more reliable than Vortex Indicator (VI)

⭐ is rated higher overall than Vortex Indicator (VI)

Average Directional Index (ADX)

Known for Trend Strength Without Direction

💯 is more reliable than Vortex Indicator (VI)

🔀 is more versatile than Vortex Indicator (VI)

🔧 is more customizable than Vortex Indicator (VI)

⭐ is rated higher overall than Vortex Indicator (VI)

Keltner Channels

Known for Combining Moving Averages With Volatility

💯 is more reliable than Vortex Indicator (VI)

🔀 is more versatile than Vortex Indicator (VI)

🔧 is more customizable than Vortex Indicator (VI)

⭐ is rated higher overall than Vortex Indicator (VI)

Hull Moving Average (HMA)

Known for Reducing Lag In Moving Averages

💯 is more reliable than Vortex Indicator (VI)

🔀 is more versatile than Vortex Indicator (VI)

🔧 is more customizable than Vortex Indicator (VI)

⭐ is rated higher overall than Vortex Indicator (VI)

FAQ about Vortex Indicator (VI)