This Indicator reprensents original Vortex Indicator in a single line, and applicable for any type of markets. If the Vortex line crosses above zero or already greater than zero, this means "BUY or DO NOT SELL". If the Vortex line is very near of zero or equals zero, this means a NEUTRAL POSITION. If the Vortex line crosses below zero or already less than zero, this means " SELL or DO NOT BUY" If the Vortex line greater than 0.2 value, this means a STRONG BUY SIGNAL. If the Vortex line less than -0.2 value, this means a STRONG SELL SIGNAL. Default Vortex period is 14.
Indicator line is simply obtained by subtracting Vortex+ line from Vortex- line. There is obviously no any difference from original Vortex indicator, original vortex has two lines and that one has only one. So if the indicator value is near zero, it implies a sideways trend. It is important to catch the indicator value while crossing 0.2 value above. Because, 0.2 value can be thought a border to overbought region which means that prices can turn back anytime. At this time, it is important to analyze the indicator line direction, if it changes direction downwards although it is above 0.2 value, it can mean to a trend direction change. In a similar way, -0.2 value can be thought a border to oversold region which means again that prices can turn back anytime. If the indicator changes direction upwards although it is below -0.2 value, it can mean to a trend direction change. These rapid trend changes are really important and valid for especially highly volatile markets such as, cryptocoins. In conclusion, positive indicator values with upward direction especially when greater than 0.2, means BUY or DO NOT SELL, aand negative indicator values with downward direction especially when less than -0.2, means SELL or DO NOT BUY.