The philosophy is the same as the DevStop. The stop amount is the difference between the highest high or lowest low and the exit point (the actual DevStop).
Interpretation: The stop amount tells the trader how much - the actual dollar amount per unit - is at risk at the warning line, and the three stop levels.
Stop Amounts Parameters
• Display
• S: Number of Standard Deviations used for the stop amounts.
• L: Number of bars used to calculate the Standard Deviation.
• Price: Prices used to calculate the indicator.