VSTOPS Indicator Package - TradeStation TradingApp® Store

VSTOPS Indicator Package

Version 2

The VSTOPS Indicator Package provides an innovative method of calculating stop levels based on market activity. This package includes both an indicator and a paintbar study that work together to give traders an objective method of determining a trading condition as well as providing definitive stop levels. VSTOPS uses an extremely fast filter to determine market volatility, and step-up stop levels to help traders protect their profits. VSTOPS displays a dotted line representing the current stop level that is displayed below the current price for long conditions, and above the current price for short conditions. As price continues into a trend, the indicator recalculates these stops, moving them closer to the direction of the current price. The indicator uses a color-coding system to quickly identify the condition of the market, and this can be customized by the user. By default, green represents long conditions, red represents short conditions and blue represents a transition (betwe...

The VSTOPS Indicator Package provides an innovative method of calculating stop levels based on market activity. This package includes both an indicator and a paintbar study that work together to give traders an objective method of determining a trading condition as well as providing definitive stop levels. VSTOPS uses an extremely fast filter to determine market volatility, and step-up stop levels to help traders protect their profits.

VSTOPS displays a dotted line representing the current stop level that is displayed below the current price for long conditions, and above the current price for short conditions. As price continues into a trend, the indicator recalculates these stops, moving them closer to the direction of the current price.

The indicator uses a color-coding system to quickly identify the condition of the market, and this can be customized by the user. 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 represents the end of a price move.

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What's New

Version 2
The VSTOPS 2.0 trading software package is an updated and enhanced release of our original VSTOPS package. You can now sync VSTOPS 2.0 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.

Version 1

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^$19 ^mo

Free Trial

Developer

PowerZone Trading, LLC

Requirements

Tradestation 9.1 (Update 24)

Support Documents

VSTOPS_2.0...de.pdf

Asset Type

Future

Style

Intraday

Methodology

Trend

Analysis Techniques

Applications

Categories

Note: Trading products are independent, unaffiliated software programs that contain objective rules to enter and exit the market. No customized or other trading advice or recommendations are made by these products.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

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