The compelling Volty Channel trading system generates highly profitable signals. A distinctive feature of the system is that it has many indicators for confirming trades. This feature makes it possible to use the system for trading various currency pairs, indices, commodities, stocks, options, etc. But for trading multiple financial instruments, the choice of a broker is essential.
What is Volty Channel Stop Indicator System?
The system includes more than a dozen indicators installed on the main chart and the terminal’s lower windows. The system’s primary indicator is “Volty Channel,” which is displayed on the chart with red and blue lines.
The system’s main principle is to buy above the red line and sell below the blue line. An essential element of the system is the SHI True channel indicator, which automatically draws channels.
The attached templates contain filtering indicators “Trix index,” “VQ bars,” “Super channel 3vd”, “Trend channel,” “MACD CCI MTF,” and “WSS filter” located in the lower windows of the terminal. The most important of these, “Trix index”, consists of a histogram and two oscillators. It will help if you are looking for buying opportunities only when the histogram is in positive territory and vice versa. Other indicators signal the color of lines, bars, direction, and color of arrows.
How to Use Volty Channel Stop Indicator?
Using the link at the bottom of the article, you can download an archive with indicators and two templates that differ in the set of indicators. The Volty channel template is more straightforward, and the Finsbury template is more complicated. Depending on the trading style and timeframe, each trader can choose his own set. Here we will look at the scheme of a simplified work technique according to the “Finsbury” pattern on hourly and four-hour charts.
Volty Channel conditions for buying
• A green arrow should appear.
• The price should be near the lower border of the SHI True channel.
• The VQH4 indicator should be green.
• Trix index must be in positive territory.
Set stop loss just below the recent low fluctuations. Close the position when a yellow arrow or red candlestick appears. Stop-loss can also be set at the “Volty channel” level and moved as it changes.
Volty Channel conditions for selling
• A yellow arrow should appear.
• The price should be near the upper border of the SHI True channel.
• The VQH4 indicator should be red.
• Trix index must be in negative territory.
We set the stop loss just above the recent high. Close the position when a green arrow or green candlestick bar appears.
Stop-loss can also be set at the “Volty channel” level and moved as it changes. Positions can be closed according to the indications of filtering indicators.