while cutting losses. Kase DevStop seeks an ideal stop level by accounting for (risk),
the variance in (the change in from bar to bar), and skew
(the propensity for to occasionally spike incorrectly).
Kase Dev Stops are set at points at which there is an increasing probability of reversal against
the trend being statistically significant based on the log normal shape of the range curve.
Setting stops will help you take as much risk as necessary to stay in a good position, but not more.
- For purpose educate only
- This script to change bars colors.