You've provided a detailed breakdown of the features and guidelines for using VSS Platinum, a trading indicator by Venkys Scalping Signals. Here's a summary for quick reference:
About VSS Platinum
Designed for accurate market entry signals and predicting market direction.
Combines various indicators and knowledge to provide reliable trading indications.
Identifying Market Direction
Central Pivot Range (CPR) | Direction Line (Orange Line) | 200 EMA Line (Red Line) | |
Positive Market | CMP above Pivot Point (Long Trades). | CMP above Orange Line. | CMP above Red Line. |
Negative Market | CMP below Pivot Point (Short Trades). | CMP below Orange Line. | CMP below Red Line. |
Sideways Market | CMP within CPR (Wait for breakout). | CMP on Orange Line within CPR. | CMP on Red Line within CPR. |
CMP – Current Market Price |
Indicator Features:
- Scalping Base Line: Green for positive, red for negative. Avoid trading near this line.
- Market Entry & Exit Arrows: Blue up for long entry, blue down for short entry or exit.
- No Trade Zone: Red and green patches on the chart - avoid trading within them.
- Dynamic Support and Resistance Line: Green and red dashed lines indicate dynamic support and resistance.
EMA Lines:
- EMA 1 (Blue, Length 8): Use for trading with market direction.
- EMA 2 (Green, Length 20): Use for exiting trades and re-entry opportunities.
- EMA 3 (Yellow, Length 50): Identifies market support and resistance.
- EMA 4 (Red, Length 200): Considered a directional indicator.
How to Trade Using VSS Platinum:
- Trade in the direction of the identified market trend.
Long Trades | Short Trades |
 1. Confirm a positive market.  2. Ensure CMP is not in red/green patches.  3. Check Scalping Line is green and rising.  4. Enter on blue up arrow.  5. Exit on blue down arrow (or previous candle's low). |  1. Confirm a negative market.  2. Avoid red/green patches.  3. Check Scalping Line is red and falling.  4. Enter on blue down arrow.  5. Exit on blue up arrow (or previous candle's high). |
Preferred Time Frames
- Works on all time frames.
- Day Trading: 3, 4, or 5-minute charts (4 minutes recommended).
- Position Trading: 5, 15, or 30-minute charts (15 minutes recommended).
Note:
- Don't carry positions to the next day due to gap-up/gap-down risks.
- VSS Platinum is based on probability, not certainty. Trading involves risks, and users trade at their own risk.
This information serves as a guide for users of VSS Platinum, providing insights into its features and trading strategies. Users are encouraged to follow the recommended guidelines and exercise caution while trading in financial markets.
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