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Feature Requests
Ultimate Indicator Suite Double Stochastic
Last Activity 8/10/2018 4:58 PM
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Hey Ed!

Posts: 103

Joined: 6/4/2007
Location: New York, NY

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Subject : Ultimate Indicator Suite Double Stochastic
Posted : 11/25/2015 12:57 PM
Post #24819

The Double Stochastic uses a filter based on a SMA 200 bar. This is way to long for short time frames, it blocks too many fired signals.

The D Sto is a crisp statistical measure signal which catches change in momentum as it occurs with as little as 1 bar lag. The eye must be working.

As I experimented with the SMA time periods I just dis-enabled it in the strategy and got much better signal printing. It leaves you with the need to ignore buy signals (with say no D STO or STO meaningful pattern) in a downtrend and conversely in an uptrend - which you should do anyway.

So I would suggest a strategy parameter which enables you to tune the filter SMA including a disable filter button.

Anyway, the DoubleSto indicator and strategy build on the Bressert interpretation look to be quite valuable. I always liked Bressert, a wonderful market technician.
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