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DevStop indicator need to be fixed


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DevStop indicator need to be fixed

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  #31 (permalink)
 Zondor 
Portland Oregon, United States
 
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Quoting 
The weakness of the indicator is the trendfilter that it uses.

Now, if there a way to use multiple time frames in the determination of the trend filter....

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  #32 (permalink)
 Fat Tails 
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Zondor View Post
Now, if there a way to use multiple time frames in the determination of the trend filter....

The question is what type of trendfilter is to be used, momentum based or short term volatility. The SuperTrend uses short term volatility (a close below the stop line), the BrainTrend uses the Stochastics, the Parabolic Stop has an acceleration factor, which also incorporates a time element. The DevStop currently uses momentum, as the underlying trend filter is a moving average.

The weakness of using a moving average is that it is not related to the fact whether the bands are hit or not. By definition you would stay in a trade until your stop is hit, so the trendfilter should not turn red, while you are still in a long trade. If it does turn red, you should use that information to exit the trade, that is prior to your stop being hit, which is a contradiction.

The next question is, whether to use a stop-and-reverse concept. As it is my conviction that the DevStop should not be used to enter trades but to exit them based on volatility, there is no argument against the stop-and-reverse approach. That means that it will possibly best work combined with a trend filter based on volatility, if need modulated as the BrainTrend.

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  #33 (permalink)
 Big Mike 
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Fat Tails View Post
I understand, if Cynthia Kase does not want if we use her name, that is "Kase".

The request to me was specifically over the use of "Kase".

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  #34 (permalink)
 Fat Tails 
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Big Mike View Post
The request to me was specifically over the use of "Kase".

Mike

That makes sense and is legitimate in my opinion. We should not attach her name to our indicators.

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  #35 (permalink)
 Zondor 
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Quoting 
The request to me was specifically over the use of "Kase".

Mike

All instances of her name have been removed from the DevStop C# script posted in the Downloads section.

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  #36 (permalink)
 Big Mike 
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Zondor View Post
All instances of her name have been removed from the DevStop C# script posted in the Downloads section.

Thanks. Same needs to be done to the Kase Bars if you want to tackle.



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