DSS Bressert - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The double-smoothed stochastic indicator was proposed by William Blau and Walter Bresset. The calculation of the DSS value is similar to the Stochastic indicator, except that double exponential smoothing is used.
Interpretation and Stochastic of DSS Values - Values above 80 indicate that the market is overbought, values below 20 indicate that the market is oversold.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on August 8, 2008.
DSS Bresset Indicator
Attachment download
📎 dssbressert.mq5 (5.75 KB)
Source: MQL5 #789
DSS Bressert - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
DSS Bressert - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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