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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

MT5 Indicators – Download Instructions

DSS MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.

DSS MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies

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How to install DSS MT5 Indicator.mq5 to your MetaTrader 5 Chart?

  • Download DSS MT5 Indicator.mq5
  • Copy DSS MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your mt5 indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on DSS MT5 Indicator.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator DSS MT5 Indicator.mq4 is available on your Chart

How to remove DSS MT5 Indicator.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader 5 Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

DSS MT5 Indicator (Free Download)

Click here below to download:

Download Now

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