The DevStop is used to help determine realistic exit points for trades based on volatility, the variance of volatility, and volatility skew. The 4 lines are defined as a Warning Line and Standard Deviations of 1, 2 and 3. This may help traders to take profit or cut losses at levels at which the probability of a trade remaining profitable is low, without taking more of a loss or cutting profits any sooner than necessary.
Notes:
The indicator is not tested. Please, use on your own risk.
| Created By | kotuk |
| NinjaTrader Version | 7 |
| File Size | 12.3 KB |
| Create Date | 05/13/2011 |
| # of Downloads | 2770 |
Importing to NinjaTrader 7 is Easy!
To import your 3rd party app or add-on to NinjaTrader, simply follow these 3 steps:
- Download the app or add-on file to your desktop
- From the NinjaTrader Control Center window, select the menu File > Utilities > Import NinjaScript
- Select the downloaded file from your desktop
Questions?
Visit the NinjaScript File Sharing discussion in the NinjaTrader user forum to interact with fellow traders and the NinjaTrader support team.