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Thread: RFTL - Vertex FX Indicator

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    RFTL - Vertex FX Indicator

    RFTL (Reference Fast Trend Line) is a powerful vertex FX trend-following indicator to responds quickly to price fluctuations. It is a digital filter based indicator, designed from the FLF-1 and FLF-2 digital filters from discrete input sequence.
    It is calculated by smoothing the RFTL (FLF) co-efficient over a 44 bar period.

    BUY - Enter BUY when candle closes above the RFTL indicator. Place stop loss at support below the RFTL indicator.

    Note: - Do not enter BUY trade if candle gaps above RFTL.

    SELL - Enter SELL when the candle closes below the RFTL indicator. Place stop loss at resistance above the RFTL indicator.

    Note: - Do not enter SELL trade if candle gaps below RFTL.
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    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

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