Double smoothed stochastic metatrader user
Its calculation algorithm is very similar to that of stochastic indicator. The value above 80 signifies the overbuying, the value below 20 signifies the overselling.The formula for the calculation is taken from the website (Bressert). DescriptionOne after the other, William Blau and WalterBressert each presented a version of the Double Smoothed Stochastics.Two exponentially smoothed MAs are used to even out the input values(H, L and C), in a similar way to the wellknown stochastic formula.CalculationCalculation of the DSS indicator according to Bressert is similar to stochastics.1.)The numerator: first the difference between the current close and theperiod low is formed.
The denominator: here the difference between theperiod high minus the period low is calculated. Now the quotient ofnumerator aThe double smoothed Stochastic indicator is similar to the standardStochastic. The difference is the double smoothing. This feature of theoscillator does help to overcome some of the limitations of the standardStochastic oscillator to a double smoothed stochastic metatrader user extent.
Make sure that you are aware of theoverall trend and also significant areas of support and resistance. Theindicator can be used on any timeframe chart either for scalping onlower one minute chart or daytrading on higher timeframes. THE INDICATOR CAN BE USED ON ANY TIMEFRAME CHART EITHER FOR SCALPING ON LOWER ONE MINUTE CHART OR DAYTRADING ON HIGHER TIMEFRAMEUnanswered Posts My PostsReturn to HomepageChatboxForumsTraders HideoutPlatforms and IndicatorsTrading JournalsElite Trading JournalsPsychology and Money ManagementHire a Consultant or ProgrammerOffTopicThe Elite Circle.
Old threadHere is double stochastic rsi  metatrader 5 version. It uses floating levels. In case of setting rsi period to 1, then you get double stochastic of rsi. HiLet me introduce my DSS Bressert (Double Smoothed Stochastic ) script.Double Smoothed Stochastics ( DSS ) is designed by William Blaw.It attempts to combine moving average methods with oscillator principles.
Total SharesIts calculation algorithm is very similar to that of stochastic indicator.
Double smoothed stochastic metatrader user

