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PRECISION STOP DOES IT NEED VOLUME?
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How well does this work on intra-day volume charts? Is there a volume component to the indicator that's important? It looks like it would work well but if there's a significant volume component to it then I can imagine that volume charts would reduce its effectiveness. Thanks.
<< ANSWER >>
As your question is ambiguously worded I have to give two answers.
1. If you mean volume bars that are completed after a set amount of trade volume is made, then yes it works just the same as on other bars and does not read information from volume at all.
There is a simulation video showing this product turning £10,000 into £176 million and the stocks used together with system report is available for download. Using intra day data would require wide settings to achieve the same results as in the simulation. If you wish to day trade and close out all trades at the close of the day you will not make any money with this or any other model.
2. If you want to chart volume and apply precision stop to that for some purpose, I doubt it would be of any use.
