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Welcome although the thanks goes to you for your continued efforts....
Btw, I'm still not getting the same indicator that's in the picture ?
Your picture (post# 8) has "anaDoubleStochastic" with two Period settings (, ie 13/3).
The Download link is still giving me the basic NT DoubleStochastic that does have up/down line coloured,
and arrows (which don't change when the "overSold" and "overBought" threshold are changed)
but only has one Period setting ?
Is it me or perhaps Fat Tails is having a Fat Finger day ?
Thx
Can you help answer these questions from other members on NexusFi?
Hey, does this indicator repaint? In other words, does it sometimes modify the color of the line in prior bar based on new data on the present bar? Thanks so much for the indicator!!! Great job!
I have updated the Double Stochastics Indicator. The new version has a signal line added, so it will be incompatible with prior versions, if used by other indicators or a strategy, as the period of the siganl line appears as additional input parameter. I have therefore named the new version Double Smoothed Stochastics (or DSS), which is also the term used by Walter Bressert, who has made the indicator popular.
The code of the old version was highly inefficient - although I had claimed the opposite two years ago - but that is life.
I have also changed the default settings of the indicator to the more common settings of 10 for the stochastics period and 9 for the EMA period.
Exported using NT Version 7.0.1000.11
The Double Smoothed Stochastics (DSS) is an exponentially smoothed stochastics indicator applied to an exponentially smoothed stochastics. It has been popularized by Walter Bressert. The DSS can be used as a cycle …
David Varadi from CSSA has developed a similar indicator, which he calls DVSSDS (DV Super Smoothed Double Stochastics). As I had just reviewed the original Bressert Double Stochastics, it only took add the modifications. I have also produced a modified version of the DVSSDS, which I have called DVSSDS2. Both indicators are attached below.
Here are the differences:
Bressert DSS: Take a raw M-period Stochastics, smooth it exponentially with the period N, then apply the M-period Stochastics again, then apply exponential smoothing with the period N for a second time. Default values for M are 10 and 5. Default values for N are typically between 3 and 10.
DVSSDS: Take a raw M-Period Stochastics, then apply the M-Period Stochastics again, then apply simple smoothing with a period N = 3, and finally smooth the result over the last two bars with a smoothing factor of 0.15 for the last bar.
Modified DVSSDS: Take a raw M-Period Stochastics, then apply the M-Period Stochastics again, then apply simple smoothing with a period N1 = 3, and finally apply exponential smoothing. The period N2 =12 results in a smoothing factor of 2/(n+1) = 2/13 = 0.1538.
For the purpose of comparing the indicators I have used the following settings:
Bressert DSS: Stochastics period 10, EMA period 3, trigger period 5
DVSSDS: Stochastics period 10, SMA period 3, last bar weight 15%, trigger period 5
Modified DVSSDS: Stochastics period 10, SMA period 3, EMA period 3, trigger period 5
The three indicators are similar and I would not dare to decide which of them will produce the better signals.
Unfortunately I was tired, when I published both the Double Smoothed Stochastics and the DVSSDS yesterday. I discovered a simple copy-and-paste error today, which has serious consequences, when the indicator is set to COBC = false. It will simply display false values.
I apologize, but it is absolutely necessary to download the indicators again. You can install the new over the prior version.
For the Double Smoothed Stochastics, here is the link:
Exported using NT Version 7.0.1000.11
The Double Smoothed Stochastics (DSS) is an exponentially smoothed stochastics indicator applied to an exponentially smoothed stochastics. It has been popularized by Walter Bressert. The DSS can be used as a cycle …
For the DVSSDS, I have replaced the indicator files in post #16 of this thread:
David Varadi from CSSA has developed a similar indicator, which he calls DVSSDS (DV Super Smoothed Double Stochastics). As I had just reviewed the original Bressert Double Stochastics, it only took add the modifications. I have also produced a modified …
I use the Robby DSS Bressert for currency trading on MT4. I only scalp trade and Robby DSS Bressert is best indicator I have found after testing many. I prefer the MT4 version with one line and dots overlayed in the indicator region.
Image of Robby DSS Bressert at (www dot)newdigitallife.wordpress.com/2012/08/16/robby-dss-bressert-colored-with-alert_v1-2/
MQ4 code if you can convert to ninjatrader for our use;