Vertex Point Indicator for MetaTrader 4 Download - Free - [TFlab]

The Vertex Point Indicator, one of the MetaTrader 4 indicators, analyzes volume and trend strength.

This tool employs colored bars around the zero level to display buy and sell conditions. Blue bars indicate buying volume in this indicator, and red bars represent selling volume.

Vertex Point Indicator Specifications

The following table summarizes the functionality of this indicator:

Uptrend Analysis of the Indicator

In the NZD/CAD currency pair chart, the price reaches the oversold zone, and the indicator histogram approaches the oscillator's negative 10 level.

In this situation, traders can enter a buy trade upon observing suitable candlestick confirmation.

Downtrend Analysis of the Indicator

In the GBP/JPY currency pair chart on a 30-minute timeframe, after an uptrend ends, the price reaches the overbought zone.

Here, the indicator's blue bar touches the 10 levels in its window, prompting traders to enter a sell trade.

Indicator Settings

The settings section of the indicator is fully illustrated in the following image:

• Period Of Calculation: Defines the number of calculation periods for the indicator
• Theme: Background theme of the indicator

Conclusion

Vertex Points are key concepts in technical analysis. They are used to identify reversal zones or trend continuation areas on price charts.

These zones often appear at significant support or resistance levels, providing valuable information about price behavior.Traders can use support and resistance indicators to identify these zones effectively.