Get started

DSS

DSS Bressert Stochastic MTFDouble Smoothed Stochastics – DSS Bressert is an oscillator introduced by William Blau and Walter Bressert shortly after each other in two slightly different versions. The calculation of DSS Bressert values is similar to the stochastic indicator. The difference is the use of double exponential smoothing. The advantages over the classic stochastic oscillators are the fast response to price changes in a still very smooth pattern. In addition, the extreme zones at the other end of the scale are reached quite frequently, even in strong trends, resulting in many trend conforming signals. Double Smoothed Stochastics – DSS The Bressert values are the same as the stochastics – values above 80 indicate an overbought condition of the market, values below 20 indicate an oversold condition of the market. This is a full implementation of the original Stochastic Calulation with Multi-Time-Frame options. Other available scrips are lagging here and messing MTF up... This Scrip will plot 2 lines for the double smoothed Stochastic based on the original exponential calculation from Blau/Bressert. Whilst the original stochastic is only simple moving average. If you are a daytrader or scalper, the script is able to show a slow line and a fast line pair. Preferred Settings are embedded as screenshot.
Pine Script™ indicator
by Roul_Charts
2
"DSS" Bessert Double Smooth Stochastic Alma Variant Hi colleagues I share this time DSS bressert. As usual they have all the adjustable colors and signals. I hope you enjoy them and leave here below the length of signals that best suit your needs so that we can continue sharing content Description One after the other, William Blau and Walter Bressert 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 well-known stochastic formula. Parameters The adjustable period length can be chosen from 2 to 500. The most common settings will have a period length ranging from 5 to 30. In addition, the indicator can be smoothed in the interval from 1 to 50. Meaningful smoothing values lie in the short-term range. Interpretation The application of the DSS is comparable with that of the stochastic method. Accordingly, values above 70 or 80 must be regarded as overbought and values below 20 or 30 as oversold. A rise of the DSS above its center line should be viewed as bullish, and a fall of the DSS below its center line as bearish. /// Quick Explained ALMA /// //Window size: The window size is the look-back period and it is a basic setting of ALMA. //Experienced traders can change this setting according to their preference. //But if you are using this indicator for the first time, it is recommended to go with the default setting. //Offset: The offset value is used to tweak the ALMA so that it will be more inclined //towards responsiveness or smoothness. You can set the offset in decimals between the 0 to1. //The value of 0.01 makes it smoother, while a setting of 0.99 makes the indicator more responsive. //Sigma: The sigma is used for the filter. Any value less than 6 makes the indicator //more focused, whereas the setting of 6 makes the filter large. According to Mr Arnaud, //a sigma value of 6 is offer good performance. /// Explain DSS /// //Parameters //The adjustable period length can be chosen from 2 to 500. //The most common settings will have a period length ranging from 5 to 30. //In addition, the indicator can be smoothed in the interval from 1 to 50. //Meaningful smoothing values lie in the short-term range. //Interpretation //The application of the DSS is comparable with that of the stochastic method. //Accordingly, values above 70 or 80 must be regarded as overbought and values below 20 or 30 as oversold. //A rise of the DSS above its center line should be viewed as bullish, //and a fall of the DSS below its center line as bearish /// End Of The Code///
Pine Script™ indicator
by dgmoon
1
Combo Backtest 123 Reversal & DSS Bressert This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy Double Smoothed Stochastics (DSS) is designed by William Blaw. It attempts to combine moving average methods with oscillator principles. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
4
Combo Strategy 123 Reversal & DSS Bressert This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy Double Smoothed Stochastics (DSS) is designed by William Blaw. It attempts to combine moving average methods with oscillator principles. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ indicator
by HPotter