Traaaderz

Vortex Indicator "Bands"

The vortex indicator is a powerful tool however the reversals are often difficult to spot as the reversal values are relative the recent movements. By taking the average of the recent ranges and smoothing the value, bands can be produced that predict future reversals based on prior data.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

@traaaderz so the reversal happened either if crossing over at the middle of the band or line turning outside of the band ?
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Traaaderz MasBart
@MasBart, Correct, the bands anticipate slowing momentum and reversals.
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