Indicators: DevStops

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DevStops:

A variation of Deviation Stops (DevStops) indicator.

Some are wrongly calling this version a Kase DevStops (which it is not - Kase DevStops indicator is calculated in a quite different way), but this version has its good points too and can be used in regular support/resistance mode.

Additionally each DevStop value is colored according to the slope (trend) of the line - when all are aligned in the same direction, it can be treated as a confirmed trend change.

Author: Mladen Rakic

 

Thanks for the Amazing toy  :)

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Hi Mladen and Mntiwana,

Do you perhaps have MT4 version of this indicator, if you do please share. I am coder myself(JAVA/JEE) and I am in the process of learning MQL4. I hope I will be able to give back at some point as well.

Thanks,

Appsoluxions aka Pipanovic

 
Pipanovic:

Hi Mladen and Mntiwana,

Do you perhaps have MT4 version of this indicator, if you do please share. I am coder myself(JAVA/JEE) and I am in the process of learning MQL4. I hope I will be able to give back at some point as well.

Thanks,

Appsoluxions aka Pipanovic

Why don't you use the mt5 version?

After all mt5 is going to have exclusive support in the future

 
Mladen Rakic:

Why don't you use the mt5 version?

After all mt5 is going to have exclusive support in the future

First of all mt4 is better than mt5 in most cases.

We all know mt5 is spreading over, but we do not have to help that happen while great mt4 is still in use.

I can recode that for mt4 :)

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