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DSS 2TF Trader

DSS 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.

Because its always best to know what the larger timeframes are doing. I have adopted the tactic of overlaying the larger chart of DSS over the smaller chart to gauge whats going on overall and to pint point best entry or exit points.

I have left it adjustable for the user so they can tweak which size of charts they think is best but I've set it at a standard factor of 5 times larger than the main smaller chart.

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 color 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 timeframes such as the 1hr chart)

Settings :

Small Chart

  • EMA - Settings for smaller chart
  • Stochastic - Settings for smaller chart

Large Chart

  • EMA - Settings for larger chart
  • Stochastic - Settings for larger chart

Graphical Object Settings

  • Bull Arrow - Sets color of bull arrow
  • Bear Arrow - Sets color of bear arrow
  • Bull DSS - Sets color of bull DSS
  • Bear DSS - Sets color of bear DSS

Alert Settings

  • Soundfile - Sets the wave file used contained within folder program files > mt4 > sounds
  • PlaySound - true means we here our PC alarm, false means we don't hear our PC alarm.
  • MessageBox - true means we see a message box, false means we don't see a message box
  • SendeMail - true means we get an alert sent to our email, false means we don't get an alert sent to our email.
  • SendMobile - true means we get an alert sent to our mobile device, false means we don't get an alarm sent to out mobile device.
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Indikatoren
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Indikatoren
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Indikatoren
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DESCRIPTION 3 Bar Break is based on one of Linda Bradford Raschke's trading methods that I have noticed is good at spotting potential future price volatility. It looks for when the previous bar's High is less than the 3rd bar's High as well as the previous bar's Low to be higher than the 3rd bar's Low. It then predicts the market might breakout to new levels within 2-3 of the next coming bars. Must also be traded during the active hours of the market you want to trade. EG EURUSD 7am - 5pm This
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Three Bar Break is based on one of Linda Bradford Raschke's trading methods that I have noticed is good at spotting potential future price volatility. It looks for when the 1st bar's High is less than the 3rd bar's High as well as the 1st bar's Low to be higher than the 3rd bar's Low. This then predicts the market might breakout to new levels within 2-3 of the next coming bars. It should be used mainly on the daily chart to help spot potential moves in the coming days. Features : A simple meth
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Version 1.1 2017.07.21
Fixed: Alerts now pop up only when a signal occurs.