The Volatility stop is a very simple way to track areas of support and resistance and when combined with the Multiple Time frame VSTOP we get some indicators taht do some autocharting for us. Throw on some simple moving averages to help with timing trades with retests and I have hopefully developed a system that will help me time my entries on leveraged trades...
My use of VSTOP and the Multiple Time frame VSTOP has become part of my "autocharting" procedures to identify a price action that triggers a VSTOP to flip and then price action will trigger the VSTOP to flip and then price action to impulse to the MTF VSTOP. We see the black circle and arrow a time where the VSTOP flipped to bullish and shorly thereafter the...
The Left Chart
I have been using iterations of the chart on the left for a while now. Bitcoin is testing previous support as resistance and so this is a key decision point. Failure to break resistance right here signals very real macro-weakness. It would have been the third lower high since 2017 and at the least would set up more continuation sideways. Even...
Partly working on a new indicator set so these ideas are part me working out my thoughts. see more at the bottom for those thoughts. The two volatility based stops, the VSTOP and the Chandelier, are both based off the average true range. Link to the 9Season idea
Key points for all timeframes
Support fails
Volatility stops flip bearish
(mostly) Bearish 9...
