Watch how to download trading robots for free

Find us on Twitter!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:

5134

Rating:

(26)

Published:

2018.11.18 15:38

Updated:

2019.01.29 16:37

DSS ratio.mq5 (16.29 KB) view

Download as ZIP, How to download code from MetaEditor

Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Theory:

Unlike the double smoothed stochastic itself (that was originally published here : Double Smoothed Stochastic), the "ratio" part of this version can be traced back to Walter Bressert - he uses it as an oscillator, but since that way of calculating (EMA(short)/EMA(long)) is known for long time before that, only the ratio is added to the indicator name.

This version:

Instead of using "raw" price, it is using the ratio of fast EMA / slow EMA of the price. The difference may seem small, but the results are quite different in some cases than when using "raw" prices, hence some experimenting with the ratio is advised.

Usage:

You can use the change of the color as signals.

Double smoothed stochastic

Dynamic Trader Oscillator

Double smoothed stochastic Blau

Trend trigger factor (averages pre-filtered)

Double smoothed stochastic of ratio - indicator for MetaTrader 5