Double Smoothed Stochastics (DSS) is designed by William Blaw.
It attempts to combine moving average methods with oscillator principles.
You can change long to short in the Input Settings
Please, use it only for learning or paper trading. Do not for real trading.
This script sets up signals based on Multi-timeframe (MTF) stochastics. Alerts can easily be created to inform users of aggressive and conservative potential BUY and SELL opportunities. Overbought and oversold levels do not matter when it comes to signalling, but each trader can set their own limits.
Conservative BUY criteria is when both...
Normal Stochastic has, painted in color when coming out of the zone of 80-20, remains in the gray zone. It makes for convenience.
Обычный Stochastic, окрашивается в цвета когда выходит из зоны 80-20 , в зоне остается серым. Делался для удобства.
Works good on 5 or 15min set to the 2hr or 4hr time frame.
Set an alarm (Set an alert on each Long/Short "crossing down", 0.8 (or anything below 0.99), "on condition" )
Or just as a visual.
Best to use other factors to confirm but most of the time it does a pretty decent job.
Super Stoch Update
// Short Name Changed To "SS 3.0"
// Added a third StochRSI.
// Default resolutions S1= W, S2= D, S3= 240 (4H)
// Signal function for all StochRSI's.
// Made a Variety of Cosmetic Changes
Last Edited: 5/19/16
This is a basic Stochastic histogram that essentially shows when the indicator
is either above or below the 50 level. Colors can be customized to your liking.
Length and smoothing factor can be adjusted...
Uses SMI (Stochastic Momentum Index) to set bar colors:
When SMI above overbought, bar color is red.
When SMI is between 0 and overbought, bar color is maroon
When SMI is between oversold and 0, bar color is green
When SMI is below oversold, bar color is lime.
When SMI crosses above or below 0, bar color is orange.
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