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Hi Guys,

I am JUST learning about vol stops. I found this code on line and do not claim it to be written by me nor claim any liability or credit. I am in learning process and hope that either if this code has already been posted it will revive the vol stop related chat or others will point me to right direction as to whether this is a good strategy or it needs to be tweaked or replaced.

{Indicator Volatility Stops}

INPUT: LENGTH (21), CONST(3.05);

vaR: SWITCH(1), TR(0), ARC(0), SAR(0),HISIC(0),LOSIC(0);

TR= VOLATILITY (LENGTH);
ARC= TR* CONST;
IF CURRENTbar = length then begin
hisic=c;
losic=c;
if h>= xaverage (h,length-1) [1] then begin
hisic= highest(c,length);
Sar=hisic-arc;
switch= 1;
end;
if l <= xaverage (l,length-1) [1] then begin
losic= lowest (c,length);
sar = losic +arc;
switch=0;
end;
end;

if switch =1 then begin
if c>hisic then hisic=c;
sar=hisic - arc;
if c< sar then begin
switch=0;
losic=c;
sar = losic + arc;
end;

end;
if switch=0 then begin
if c< losic then losic=c;
sar= losic +arc;
if c> sar then begin
switch=1;
hisic=c;
saR=HISIC- ARC;
END;
END;

IF C > SAR { AND C[1] < SAR } THEN

Plot1(SAR,"Sell");

IF C < SAR { AND C[1] > SAR} THEN

Plot2(sar,"Buy");