Double Smoothed Stochastic is similar to Stochastic except for this Indicator we use what is called double exponentially smoothing.
This will give the trader a more speedy response to price changes which tends to smooth out the erratic movements of a regular Stochastic.
Double Smoothed Stochastic Calculation is :
DSS = EMA(r) (X – Lxn / Hxn – Lxn) x 100
MIT = EMA(r) (close – Ln / Hn – Ln) x 100
Ln = lowest low of n periods
Hn = highest high of n periods
Lxn = lowest low of the price series X of n – periods
Hxn = highest high of the price series X of n – periods
X = latest price of the price series X
FEATURES
- Customizable so the user can input the required size of charts to overlay.
- Can change the colour of the charts and arrows.
- Has choices of which alarms we want to use.
- Can be traded on any market and timeframe. (I tend to see more accurate signals on larger timeframessuch as the 1hr chart)
SETTINGS
SECTION1
- Small Chart
- EMA – EMA settings
- Stochastic – Stochastic Settings
- Shift – Shift value of bar calculation is based
SECTION2
- DSS Up Color Arrow – Sets color of up arrows.
- DSS Down Color – Sets color of down arrows.
SECTION3
- Soundfile – Sets the wave file used contained within folder program files > mt4 > sounds
- PlaySound – true means we here our PC alarm, false means we dont here our PC alarm.
- MessageBox – true means we see a message box, false means we dont see a message box
- SendeMail – true means we get an alert sent to our email, false means we dont get an alert sent to our email.
- SendMobile – true means we get an alert sent to our mobile device, false means we dont get an alarm sent to out mobile device.
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X = latest price of the price series X
FEATURES
- Customizable so the user can input the required size of charts to overlay.
- Can change the colour of the charts and arrows.
- Has choices of which alarms we want to use.
- Can be traded on any market and timeframe. (I tend to see more accurate signals on larger timeframessuch as the 1hr chart)
SETTINGS
SETTINGS
SECTION1
- Small Chart
- EMA – EMA settings
- Stochastic – Stochastic Settings
- Shift – Shift value of bar calculation is based
SECTION2
- DSS Up Color Arrow – Sets color of up arrows.
- DSS Down Color – Sets color of down arrows.
SECTION3
- Soundfile – Sets the wave file used contained within folder program files > mt4 > sounds
- PlaySound – true means we here our PC alarm, false means we dont here our PC alarm.
- MessageBox – true means we see a message box, false means we dont see a message box
- SendeMail – true means we get an alert sent to our email, false means we dont get an alert sent to our email.
- SendMobile – true means we get an alert sent to our mobile device, false means we dont get an alarm sent to out mobile device.
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