VI with SMA to determine the trend is solid. VI+ cross over VI- with price over 20 SMA to confirm the trend.
Also, you can see the enhanced trend:
VI+ with the Letter H, with new high in the observe period. VI- with the Letter L, with new high in the observe period.
Coding based on the original Vortex Indicator.
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Add Test VI+, VI- with uptrend STR (Sum of ATR)
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Check stocks SMA uptrend sequence with VI
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Uptrend SMA Seq. title.
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1: Modified the Background highlight factor:
either use SMA or Donchain Channel mid line as Oscillator.
2: Fill the area between VI+ and VI - when the SMA uptrend Sequence is valid.
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Traditionally, vortex indicator (VI) is an indicator composed of two lines :
an uptrend line (VI+) : measure the price of the stock going up a downtrend line (VI-) : measure the price of the stock going down
bleached areas within two VI lines is showing the "the fastEMA above slowEMA" of the stock. eg. SMA10 > SMA40
"H" means that the VI+ > 5 days average VI+, which means stock price is move up relative to the price past 5 days average. ( simply is price action hgiher high)
"L" means that the VI- > 5 days average VI-, which means stock price decline relative to the price past 5 days average. ( simply is price action lower low)
In conclusion, I create this indicator help to easily knowing a stock is in uptrend and the momentum is maintain.
Two examples:
Look for Uptrend stock 1) the trading logic is looking for uptrend stocks (with blue background). 2) blue background where [VI+ is above VI- ] and [ stock price is above EMA or Donchain channel] . 3) "H" equal to [ VI+ is increase ] means the up-force is improving. "H" in red mean the price velocity is increase. 4) it is better hold the stock when the VI+ is keep move up. and be alert the "L" show up.
Look for Bottom UP/Breakout 1) when the background is in PINK, means [ VI- > VI+ ]. Stock is in downtrend. 2) waiting for the word "H" show up in frequent (several times), mean the stock price start have a high compare 5 days average. 3) wait for the crossover of the VI+ and VI- and the background to Blue.