Vortex Oscillator: Histogram of the Difference Between VI+ and VI−
Summary
The Vortex Oscillator is described as a histogram derived from the Vortex indicator. It plots the difference between the positive and negative Vortex lines, VI+ and VI−, turning their relative values into a single series that can be viewed as an oscillator. The document identifies the underlying indicator concept and distinguishes the oscillator from the original two-line display.
No calculation settings, threshold rules, trade entries or exits, or performance evidence are included. The description also does not explain how to interpret histogram crossings or whether they are intended as trend or reversal signals. It therefore offers a concise account of the plotted measure rather than a complete trading method. The idea is attributed to Neil, and the code implementation is credited separately to its author.
Key ideas
- The oscillator displays the difference between the Vortex indicator’s VI+ and VI− lines as a histogram.
- It condenses the relative movement of two Vortex lines into one plotted series.
- The document gives no signal thresholds, trading rules, or backtest evidence.
- The indicator idea and its code implementation are credited to different authors.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.