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VSTOPS 2 (Nov 2013)
VSTOPS 2 (Nov 2013)
VSTOPS 2.0 provides an innovative method of calculating stop levels based on market activity, and uses an extremely fast filter to determine market volatility and help you make better trading decisions. This package includes both an indicator and a barcolor utility that work together to give you an objective method of determining trading conditions and definitive step-up stop levels so you can protect your profits.
VSTOPS 2.0 displays a series of dots to represent past and current stop levels. The dots are displayed below the current price for long conditions, and above the current price for short conditions. As price continues into a trend, the indicator automatically recalculates the stop levels, moving them closer to the direction of the current price while minimizing your risk on the trade.
A customizable color-coding system quickly identifies the condition of the market. By default, green represents long conditions, red represents short conditions and blue represents a transition (between long and short). As price transitions, a blue dot appears at the point where price penetrates the stop level. In many cases, this signals the end of a price move.
The VSTOPS 2.0 trading software package is a Pro release of our original VSTOPS package. You can now sync VSTOPS exactly to tick values, allowing you to place your trades with pinpoint accuracy. In addition, VSTOPS 2.0 has been redesigned to have a smoother response to market spikes, eliminating the potential for false signals and improving the predictability of the signals.
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