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:
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Designed for accurate market entry signals and predicting market direction.
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Combines various indicators and knowledge to provide reliable trading indications.
Identifying Market Direction
Direction Line (Orange Line)
Positive Market
Negative Market
Sideways Market
CMP – Current Market Price
Central Pivot Range (CPR)
CMP above Pivot Point (Long Trades).
CMP below Pivot Point (Short Trades).
CMP above Orange Line.
CMP above Orange Line.
CMP within CPR (Wait for breakout).
CMP on Orange Line within CPR.
200 EMA Line (Red Line)
CMP above Red Line.
CMP above Red Line.
CMP on Red Line within CPR.
Additional Indicators:
- 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
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).
Short Trades
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).
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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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