Vertex Point Indicator for MetaTrader 5 Download - Free - [TFlab]

The Vertex Point Indicator is one of the advanced tools among MetaTrader 5 indicators. It is designed to identify reversal zones and key market levels.

This indicator is often used with support and resistance levels to help traders predict trend reversals or the continuation of the current trend.

Vertex Point Indicator Specifications

The specifications of this indicator are generally displayed in the table below:

Indicator in an Uptrend

When the price reaches the Oversold Zone, crossing red bars above the -10 level is considered an initial signal to enter a buy trade. After observing this crossing, traders look for additional confirmations to ensure the trend reversal.

A buy trade can be initiated upon identifying these zones and obtaining the necessary confirmations.

Indicator in a Downtrend

In the Bitcoin (BTC) price chart, traders look for candlestick confirmations for a trend reversal when the price reaches the Overbought Zone and the blue bars of the oscillator gradually approach the 10 level.

After receiving this confirmation, traders enter sell trades to take advantage of the price correction or reversal.

Indicator Settings

The detailed settings of the indicator are fully presented in the image below:

• Period Of Calculation: The number of periods for indicator calculation
• Theme: The background theme of the indicator

Conclusion

Using the Vertex Point Indicator, traders can identify buying and selling pressure in the market. Longer bars indicate greater strength in the trend and can signify trend continuation or reversal.

This indicator applies to all timeframes and is recommended to be used alongside overbought and oversold indicators.