DSS - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

The double-smoothed stochastic indicator is a stochastic indicator that has been smoothed twice.

There are five inputs:

DSS = coeff * Mit+(1.0-Coeff) * PrevDSS

Signal = EMA(DSS, signal period)

Coefficient = 2.0 / (1.0+EMA period)
MIT = Delta * 100.0 / (MaxRAW-MinRAW)
Increment = Original - Minimum
MaxRAW, MinRAW - Maximum and minimum RAW values ​​within the period range
RAW = Coeff * MitHL+(1.0-Coeff) * PrevRAW
MitHL = DeltaCL * 100.0 / (MaxH-MinL)
DeltaCL = closing price - MinL
MaxH, MinL - Highest and lowest price in the period range

Attachment download

📎dss.mq5 (10.89 KB)

Source: MQL5 #22501