Double Smoothed Stochastic Ratio - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Unlike the Double Smoothed Stochastic indicator itself (originally posted here: Double Smoothed Stochastic ), the "ratio" part of this version dates back to Walter Bressert - he used it as an oscillator, but since this way of calculation (EMA(short)/EMA(long)) was known before then, only the ratio was added to the indicator name.
It does not use the "raw" price, but the fast EMA/slow EMA ratio of the price. The difference may seem small, but in some cases the results are very different than when using the "original" price, so some experimentation with the ratio is recommended.
You can use changes in color as signals.
Attachment download
📎 dss_ratio.mq5 (16.29 KB)
Source: MQL5 #23277
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