Place high quality trades using Vortex Indicator on Pocket Option

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The Vortex indicator is a technical analysis tool used to determine the possible trends and reversals in the financial market. You can find and use this indicator on the Pocket Option trading platform.

Adding the Vortex Indicator on the Pocket Option platform

 

In order to add the Vortex indicator on the Pocket option platform follow the steps below.

Step one: Log in to your Pocket Option account
Step 2: Set your default chart to candlestick
Step 3: Click on the indicator button on the top of the chart.
Step four: Look for the Vortex indicator in the list.
Step 5: Adjust the settings of the indicator if necessary (colour, period & more).
Step 6: Once done click on the Apply button to add the Vortex indicator in the chart.

Understanding Vortex Indicator in Pocket Option

Vertex indicator is a technical analysis tool that can be used to find the upcoming trends and reversals of security. This indicator is made from the composition of the four most important components namely the Positive Vortex Indicator (+VI), the Negative Vortex Indicator (-VI) , True Range (TR) and Directional Movement (DM). The concept of the True Range (TR) and Directional Movement (DM) is used to find the Positive Vortex Indicator (+VI) and the Negative Vortex Indicator (-VI) via which we can identify the trends & reversals.

 

How to use the Vortex indicator on the Pocket Option?

In order to understand the concept of the Vortex Indicator properly,  you need to first the Positive Vortex Indicator +VI line and Negative Vortex Indicator line -VI.

The +VI ( Positive Vortex Indicator) is calculated by measuring the difference between the current high and the previous low, and the difference between the current low and the previous low. these values are then added together and divided by the True range of the current period. and the resulting value is then multiplied by 100.

 

Similarly, -VI (Negative Vortex Indicator) is calculated by measuring the difference between the current high and the previous high with the addition of the difference between the current low and the previous high. these values are then added together and divided by the True Range of the current period and the resulting values is then multiplied by 100.

 

The formula for Positive Vortex Indicator and Negative  Vortex Indicator is as follows:

+VI ( Positive Vortex Indicator) = [(Current high – Previous low) + (Current low – Previous low)] / TR x 100

-VI (Negative Vortex Indicator) = [(Current high – Previous high) + (Current low – Previous high)] / TR x 100

 

Placing trades using the Positive and Negative Vortex Indicator

 

You can use the above two lines to identify the upcoming bullish and bearish trends. when the +VI and -VI lines intersect each other it generates the possible buy and sell trends.

 

 

When the +VI and -VI lines intersect each other and the +VI line intersects above the -VI line. It indicates a possible trend reversal from bearish to bullish. so,  here you can consider placing a buy trade.

 

 

Similarly, When the +VI and -VI lines intersect each other and the +VI line intersects below the -VI line. It indicates a possible trend reversal from bullish to bearish. and here you can consider placing a sell trade.

Summary

Vortex indicator is one of the underrated gems in the field of trading. However, this indicator is very powerful and you can find and place high-quality trades using the same. A Vortex indicator is a technical analysis tool that can be used to find the upcoming trends and reversal of security.

This indicator is made from the four most important components name Positive vortex indicator line, Negative vortex indicator line, Average true range and Directional movement.

You can easily find and use this indicator on the Pocket Option demo account. I will highly suggest you try this indicator on the demo account and shift to the real account once you are confident enough.

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