The Vortex Trend Forex indicator for Metatrader 5 is a popular trend tool that delivers beginner-friendly trading signals for any currency pair.
The indicator is pretty accurate in both trending and sideways-moving markets.
The indicator appears in a separate chart window as red/gray/green colored dots.
How to identify the trend with the Vortex indicator?
- A green colored dot indicates a bullish market (up direction).
- A red colored dot indicates a bearish market (down direction).
- A gray colored dot indicates a trendless market.
The indicator contains the following inputs and parameters: Vortex period, smoothing period, upper limit, and lower limit.
Make yourself familiar with this technical indicator and test it first on a demo account.
Remember to have realistic expectations, performance will vary depending on market conditions (trending markets, sideways markets, etc.).
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Vortex_Trend.mq5 Indicator (MT5)
Chart Example
The following chart shows how the Vortex Trend indicator looks when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Vortex Trend Indicator?
Find a simple trading example below:
Buy Signal
- The first green Vortex dot is a buy signal.
- Open a buy trade and place your stop loss 3 pips below technical support.
- Close the buy trade for a risk/reward ratio of 1:2, or wait for the first red colored Vortex dot.
Sell Signal
- The first red Vortex dot is a sell signal.
- Open a sell trade and place your stop loss 3 pips above technical resistance.
- Close the sell trade for a risk/reward ratio of 1:2, or wait for the first green colored Vortex dot.
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Vortex_Trend.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Vortex_Trend.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration