Using DevStops as Sloped Support and Resistance Levels
Summary
This short description introduces a variation of the Deviation Stops indicator and suggests using its plotted values as support or resistance levels. It distinguishes this version from the Kase DevStops indicator, noting that the two are calculated differently. The distinction matters because the description does not provide the Kase calculation method or enough detail to compare the indicators quantitatively.
The indicator colors each DevStop value according to the line’s slope. When the values point in the same direction, the description treats that alignment as a possible confirmation of a trend change. This is presented as an interpretation rather than a tested signal rule: there are no formulas, entry or exit conditions, chart examples, or performance results. The text also gives no guidance on selecting parameters or handling conflicting price action. Traders can learn the proposed uses—support and resistance, plus slope alignment as a trend-change cue—but would need fuller documentation and independent testing before drawing conclusions about reliability.
Key ideas
- This DevStops variation can be used as a support and resistance indicator.
- It is calculated differently from the Kase DevStops indicator.
- Line colors reflect the slope direction of each DevStop value.
- Aligned slopes are presented as a possible confirmation of a trend change.
- The description provides no calculation details or evidence of signal performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.