MA and DSS Oscillator
- Indicators
- Stephen Reynolds
- Version: 1.0
MA & DSS Oscillator is a simple system that overcomes all the market confusion by looking at the Moving Average and Double Smoothed Stochastic Oscillator. A Signal is made when the Oscillator is under 50 (A default value) and heading in same direction as the Moving Average.
The moving average is arguably the simplest but most effective tool when trading larger timeframes. We use this and the Double Smoothed Stochastic Oscillator to time our market entry.
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.
For those who want to know the 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 :
- A method of simplifying a sometimes confusing market
- Choose your favourite colors and size of Line and Arrow
- Send alerts to either your PC, eMail or mobile device
- Can be traded on any market and timeframe
Settings :
Moving Average
- MA Period - Sets the period of the moving average. Recommended at 200.
- MA Method - Sets the method of calculation for moving average. EG 0 = SMA, 1 = EMA, 2 = SMMA, 3 = LWMA
- MA Price Type - Sets the type of price we base our calculation on : PRICE_CLOSE, PRICE_OPEN, PRICE_HIGH, PRICE_LOW, PRICE_MEDIAN, PRICE_TYPICAL, PRICE_WEIGHTED
- MA Smoothness - We compare a current bar the moving average is based on to the previous bar. The further back we go the more smooth the moving average direction becomes. EG 20 for smooth, 1 for choppy.
- Point Differential For Trend Strength - Here we can set how many points of difference between the current and previous of moving average. The more points the stronger the trend must be before we get a signal.
Double Smooth Stochastic
- EMA - EMA settings
- Stochastic - Stochastic Settings
- Shift - Shift value of bar calculation is based
Color Line & Arrow
- Bull Color - Sets the color of bull arrows and moving average direction.
- Bear Color - Sets the color of bear arrows and moving average direction.
- Arrow Size - Sets the size of arrows that are positioned on the moving average.
- Line Size - Sets the size of both stochastic and moving average lines.
