This is one more variation of double smoothed stochastic
What is specific for this one is that it can use 20 types of smoothing instead of the default EMA smoothing that is used in the original, That way it becomes a kind of a study of how double smoothed stochastic can work in different ways and it in fact adds 19 new types of double smoothed stochastic.
Some smoothing types are better than EMA smoothing (like smoother) and some are faster with less smooth parts. It depends on the trading style ad needs what kind of a smoothing one should apply
PS: I already told that in one post, but will repeat - in my opinion DSS is best to use on higher time frames (1 hour an higher) where the trending cycles are more obvious
Mladen, here is one of my crazy requests, is it possible to create indicator with input of 2 stochastic values (300, 600) and when they come into perfect align to draw red vertical bar also when they come out of align to draw blue vertical bar.
Thank you in advance.
"perfect align " would mean that they have exactly the same value?
Yes, you're right .. same value.
I really thought that it will be very rare. But then I looked at this example and the whole sections is completely the same (normalization used is 5 digits which is for stochastic close to no rounding at all). ome more sections like this in the hoitory can be found so it is not so rare at all. For more rounding set the NormalizeDigits to smaller number. For less rounding, set the NormalizeDigits to greater number
Mladen, it really looks interesting. Now I need to find best way to utilize it. As I said many times before "thank you on (n-1)"
This look very, very interesting indeed!!! Many years ago when I was young Engineer placed in charge of a team of Engineers my Director told me that the easiest way for me to "give myself more work" was to give my Engineers new tools. So here is some more work for you:-
I've tried the settings for the Stoch Kperiods at 10 & 14 respectively and the crosses over the 20% line (up-cross) & 80% line (down-cross) look very promising. I'm therefore not particularly interested in the original auto-verticals programmed into the tool but instead verticals that are drawn automatically (NRP) when both Stochs have crossed upwards over the 20% line (green vertical) and also for the cross downwards of the 80% line (red line). Could you also please incorporate "MTF"?
Thanks and have a great weekend!!
Here you go. Kept the vertical lines when both stochastic enters the zone (upper or lower) as well as when they exit that same zone. If you wish to cancel any of those lines, simply set the color of it to none. The indicator is a multi time frame too. You will notice that it does not have interpolate option. Did it simply for one reason : to keep the moment when crosses happen as clear as it is possible
Setup on H4 chart:
1. Hull moving average 2.0 (Settings = Current time frame, 21, 0, 1.5)
2. First Fx Snipper (Settings = D1, 2,10,5,2)
3. Second Fx Snipper (Settings = H4, 2,10,5,2)
Entry on CLOSE of bar after crossing HULL coupled with corresponding matching colours of Fx Snipper histo pair.
Thank you sincerely!! Now I have no doubt that you've already anticipated my next request (given that I'm your regular Histo-junkie). On the histo-version I will only need the "colour change" for the stoch-pair EXITING the 80% and 20% zones.
Thanks & have a great Sunday!!