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Published:

2018.12.18 19:16

DSS.mq5 (10.89 KB) view

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Double Smoothed Stochastic is a stochastic smoothed twice.

There are five inputs:

Period - calculation period
EMA period - ЕМА ratio calculation period
Signal period - signal line period
Overbought - overbought level
Oversold - oversold level

Calculation:

DSS = coeff * Mit+(1.0-Coeff) * PrevDSS

Signal = EMA(DSS, Signal period)

where:

Coeff = 2.0 / (1.0+EMA period)
Mit = Delta * 100.0 / (MaxRAW-MinRAW)
Delta = RAW - Min
MaxRAW, MinRAW - maximum and minimum RAW values in the Period range
RAW = Coeff * MitHL+(1.0-Coeff) * PrevRAW
MitHL = DeltaCL * 100.0 / (MaxH-MinL)
DeltaCL = Close - MinL
MaxH, MinL - High and Low prices in the Period range

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22501

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