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Bressert DSS for Amibroker (AFL)
Rating:
3 / 5 (Votes 3)
Tags:
oscillator, amibroker
This is the Bressert’s DSS from MetaStock code
Its calculation algorithm is very similar to that of stochastic indicator. The value above 80 signifies the overbuying, the value below 20 signifies the overselling.
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Indicator / Formula
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_SECTION_BEGIN("DBS10");
SetChartOptions(0,0,chartGrid30|chartGrid70);
Slw = Param("Slowing double stoch",3,1,5,1);
Pds = Param("Periods double stoch",10,3,21,1);
A = EMA((Close-LLV(Low,Pds))/ (HHV(H,pds)-LLV(L,Pds)),Slw)*100;
ind = EMA((A-LLV(A,pds))/(HHV(A,Pds)-LLV(A,Pds)),Slw)*100;
Upper=Param("Upper", 70, 50, 100, 1);
Lower=Param("Lower", 30, 0, 50, 1);
Plot( ind, "ind", ParamColor( "Color", colorRed ), ParamStyle("Style", styleThick) );
Plot(Upper,"Upper",ParamColor( "ColorUpper", colorRed ),styleLine);
Plot(Lower,"Lower",ParamColor( "ColorLower", colorRed ),styleLine);
_SECTION_END();
_SECTION_BEGIN("DBS5");
SetChartOptions(0,0,chartGrid10|chartGrid90);
Slw = Param("Slowing double stoch",3,1,5,1);
Pds = Param("Periods double stoch",5,3,21,1);
A = EMA((Close-LLV(Low,Pds))/ (HHV(H,pds)-LLV(L,Pds)),Slw)*100;
ind = EMA((A-LLV(A,pds))/(HHV(A,Pds)-LLV(A,Pds)),Slw)*100;
Upper=Param("Upper", 90, 50, 100, 1);
Lower=Param("Lower", 10, 0, 50, 1);
Plot( ind, "ind", ParamColor( "Color", colorGreen ), ParamStyle("Style", styleThick) );
Plot(Upper,"Upper",ParamColor( "ColorUpper", colorGreen ),styleLine);
Plot(Lower,"Lower",ParamColor( "ColorLower", colorGreen ),styleLine);
Title =FullName();
_SECTION_END();0 comments
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