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stelaraX - Vortex
stelaraX – Vortex
stelaraX – Vortex is a trend direction and trend strength indicator designed to identify the start and continuation of directional market moves. By comparing positive and negative price movement relative to true range, it highlights which side of the market currently dominates.
This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
stelarax.com
Core logic
The Vortex Indicator consists of two lines, VI+ and VI−, which measure upward and downward movement over a defined lookback period and normalize it by total market volatility.
Key principles:
* VI+ measures positive directional movement
* VI− measures negative directional movement
* both components are normalized using summed true range
* values fluctuate around a neutral equilibrium
* when VI+ is above VI−, bullish trend conditions dominate
* when VI− is above VI+, bearish trend conditions dominate
Crossovers between VI+ and VI− often signal trend initiation or changes in dominant direction.
Visualization
The script plots:
* the VI+ line in a separate indicator pane
* the VI− line in a separate indicator pane
* a neutral reference line for directional context
* clear color separation between bullish and bearish components
This dual-line layout makes trend direction and dominance easy to interpret at a glance.
Use case
This indicator is intended for:
* identifying trend direction and trend transitions
* confirming trend strength and continuation
* filtering trades in the direction of dominant momentum
* spotting early trend reversals via line crossovers
* supporting trend-following and breakout strategies
It works particularly well when combined with momentum oscillators, price structure, or AI-assisted chart analysis.
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
stelaraX – Vortex is a trend direction and trend strength indicator designed to identify the start and continuation of directional market moves. By comparing positive and negative price movement relative to true range, it highlights which side of the market currently dominates.
This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
stelarax.com
Core logic
The Vortex Indicator consists of two lines, VI+ and VI−, which measure upward and downward movement over a defined lookback period and normalize it by total market volatility.
Key principles:
* VI+ measures positive directional movement
* VI− measures negative directional movement
* both components are normalized using summed true range
* values fluctuate around a neutral equilibrium
* when VI+ is above VI−, bullish trend conditions dominate
* when VI− is above VI+, bearish trend conditions dominate
Crossovers between VI+ and VI− often signal trend initiation or changes in dominant direction.
Visualization
The script plots:
* the VI+ line in a separate indicator pane
* the VI− line in a separate indicator pane
* a neutral reference line for directional context
* clear color separation between bullish and bearish components
This dual-line layout makes trend direction and dominance easy to interpret at a glance.
Use case
This indicator is intended for:
* identifying trend direction and trend transitions
* confirming trend strength and continuation
* filtering trades in the direction of dominant momentum
* spotting early trend reversals via line crossovers
* supporting trend-following and breakout strategies
It works particularly well when combined with momentum oscillators, price structure, or AI-assisted chart analysis.
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
Korumalı komut dosyası
Bu komut dosyası kapalı kaynak olarak yayınlanmaktadır. Ancak, ücretsiz ve herhangi bir sınırlama olmaksızın kullanabilirsiniz – daha fazla bilgiyi buradan edinebilirsiniz.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Korumalı komut dosyası
Bu komut dosyası kapalı kaynak olarak yayınlanmaktadır. Ancak, ücretsiz ve herhangi bir sınırlama olmaksızın kullanabilirsiniz – daha fazla bilgiyi buradan edinebilirsiniz.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.