Stop Amounts (KStpAm)

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.