The Double Smoothed Stochastics indicator was proposed by William Blau and Walter Bressert. The calculation of DSS values is similar to Stochastic indicator, the difference is the use of double exponentially smoothing.
The interpretation of DSS values is the same as for Stochastic - the values above 80 indicates the overbought state of the market, the values below 20 indicates the oversold market state.
This indicator was first implemented in MQL4 and published in Code Base at mql4.com 08.08.2008.
DSS Bressert indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/789
This indicator is based on Fatl indicator values and analysis of its signal lines.WKBIBS
WKBIBS is a next generation oscillator with combined WKB and IBS indicators functions.