101 Vortex

Two oscillators that capture positive and negative trend movement.

Calculated as:

Figure 11.12: Vortex

A bullish signal triggers when the positive trend indicator crosses above the negative trend indicator or a key level. A bearish signal triggers when the negative trend indicator crosses above the positive trend indicator or a key level. The Vortex Indicator is either above or below these levels, which means it always has a clear bullish or bearish bias.

Figure 11.13: Vortex