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
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