Charting and Studies User Guide - CQG.com

Page 336
Volatility Stop Parameters
• Display
• Base: Selects the price used for the calculation.
• Ago: Selects how many bars back the calculation should begin.
• Min/Max: If the Min/Max checkbox is selected, the lowest (highest) base price
occurring during the period that a stop is active is used to compute each stop value.
• Factor: The amount the average range is multiplied by before it is added to the range.
Higher factors equal looser stops and, therefore, less switching between long and short.
• TrueRange: If selected, the average of the True Range, rather than the Range, is used
in the calculation.
• Type: The type of moving average used for the Average True Range calculations.
Choices include: Simple, Smoothed, Exponential, Weighted, and Centered.
• Period: The time frame used for the moving average calculation.
• BackOff: If selected, stops will be adjusted for increased volatility. Sell stops will be
raised and buy stops will be lowered.
• StopOn: Allows the user to set the stop.
• Rev If Equal: Rather than penetration a signal is reversed when the bar high or low is
equal to a stop value.
• At Tick: When selected, the value will be plotted at the nearest tradable price away
from the market. In other words, when the volatility stop price is below the bar price it
will go to a floor price, and when the volatility stop price is above the market, it will go
to the ceiling price. When off, the volatility stop value will be shown at its exact price.
• Condition: Allows the user to specify a condition such that no positions are put on
unless the selected condition is true. In other words, there is no automatic reversing.
Basic Studies