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The STX is actually a step beyond the BTX 1-line and 2-line in non-arbitrariness. If the BTX indicators are perhaps 65% non-arbitrary, the STX is perhaps 85% non-arbitrary.
The STX is truly amazing to see. You only have to look at charts of the STX in operation to see how beautiful it is. It takes wonderful shapes, turning and curving in incredible ways, following markets with a faithful high fidelity that represents the greatest-probability optimum stop placement for that market at that time.
The STX is constantly molting itself, self-adjusting in various twists and turns arising out of its algorithms. The code on it is quite complex, yet also really elegant and natural. The various parts of the STX are continually talking to each other until they reach a kind of consensus.
The STX comes preset from the factory with what we feel would be the highest probability of the market's own suggestion—were it to give one—of where, based on its own motion, it feels the best, most natural moving stop would be.
Nevertheless, you can tighten or loosen the stop, like turning a dial, should you wish to do so, continuously either way. These degrees of tightening or loosening, although introducing a greater degree of arbitrariness, are also arising in a way that is natural and organic and capable of producing beautiful shapes in the faithful following of a market's motion.
"I find the STX, as Jim said, quite amazing. Its uncanny ability to, at times, stay as close as 1 cent from the range of a given bar is, to say the least, quite impressive. I find the STX to be intuitive, easy to use, powerful, helpful and a valuable tool." —D.B. New York
This indicator is available as part of the Ocean Master Suite.
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