Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Kase Dev Stops V1 – Amibroker AFL Code

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What is a Kase Dev Stops?

Kase Dev Stops is a volatility based stop and Dev Stops refers to the Standard Deviation based Stops and uses ATR based volatility. Kase DevStops provide a statistically sound basis upon which to place stop-loss and stop and-reverse orders.

“A STOP THAT IS GOING TO PERFORM OPTIMALLY MUST CONSIDER THE VARIABILITY OF RANGE.”

CYNTHIA KASE
//Kase Dev Stop V1 - translated from Tradingview Pinescript
//Credits : https://www.tradingview.com/script/wF0Cm55t-Kase-Dev-Stops/
//Coder : Rajandran R
//Website : www.algomojo.com / www.marketcalls.in
//Date : 5th Mar 2022

_SECTION_BEGIN("Kase Dev Stop v1");

Length = param("Length",30,5,100,5);
Length1 = param("Length1",20,5,100,5);

inpStdDev1    = 0.0;         // Deviation 1
inpStdDev2    = 1.0;         // Deviation 2
inpStdDev3    = 2.0;         // Deviation 3
inpStdDev4    = 3.0;         // Deviation 4

RWH = (high - Ref(Low,-Length)) / (atr(Length) * sqrt(Length));
RWL = (Ref(high,-Length) - low) / (atr(Length) * sqrt(Length));

Pk = wma((RWH-RWL),3);

trendcolor = IIf(pk>0,colorGreen,colorRed);

AVTR = ma(hhv(high,2) - llv(low,2), Length1);
SD = stdev(hhv(high,2) - llv(low,2),Length1);

val0 = IIf(pk>0, hhv(high-AVTR-inpStdDev1*SD,Length1), llv(low+AVTR+inpStdDev1*SD,Length1));
val1 = IIf(pk>0, hhv(high-AVTR-inpStdDev2*SD,Length1), llv(low+AVTR+inpStdDev2*SD,Length1));
val2 = IIf(pk>0, hhv(high-AVTR-inpStdDev3*SD,Length1), llv(low+AVTR+inpStdDev3*SD,Length1));
val3 = IIf(pk>0, hhv(high-AVTR-inpStdDev4*SD,Length1), llv(low+AVTR+inpStdDev4*SD,Length1));




Plot(val0,"Val0",trendcolor,styleDots);
Plot(val1,"Val1",trendcolor,styleDots);
Plot(val2,"Val2",trendcolor,styleDots);
Plot(val3,"Val3",trendcolor,styleLine);

SetChartOptions(0, chartShowArrows | chartShowDates); //x-Axis will be plottted
//plot the candles
Plot(Close,"Close",colorDefault,styleCandle | styleNoTitle);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));


Buy = pk>0 AND Close>val0;
Sell = (pk<0 AND Close<val0) OR (pk>0 AND Close<val3);

Buy = ExRem(Buy,Sell);
Sell = ExRem(Sell,Buy);

Short = (pk<0 AND Close<val0);
Cover = (pk>0 AND Close>val0) OR (pk<0 AND Close>val3);

Short = ExRem(Short,Cover);
Cover = ExRem(Cover,Short);

//Non Repainting  - Signals happens only after the close of the current
Buy = Ref(Buy,-1);
Sell = Ref(Sell,-1);
Short = Ref(Short,-1);
Cover = Ref(Cover,-1);

BuyPrice = ValueWhen(Buy,Open);
SellPrice = ValueWhen(Sell,Open);
ShortPrice = ValueWhen(Short,Open);
CoverPrice = ValueWhen(Cover,Open);

SetPositionSize(1*RoundLotSize,spsShares);
//SetPositionSize(200000,spsValue);

/* Plot Buy and Sell Signal Arrows */
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-40);
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorLime, 0,L, Offset=-50);                      
PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorWhite, 0,L, Offset=-45); 
PlotShapes(IIf(Short, shapeSquare, shapeNone),colorRed, 0, H, Offset=40);
PlotShapes(IIf(Short, shapeSquare, shapeNone),colorOrange, 0,H, Offset=50);                      
PlotShapes(IIf(Short, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-45);

PlotShapes(Sell * shapestar, colorBrightGreen, 0, High, 12);
PlotShapes(Cover * shapestar, colorRed, 0, Low, -12);




_SECTION_END();

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Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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