Bressert DSS

[davc55]

Dear Jerry Medved,

 

Your program QuoteTracker had the indicator Bressert DSS. As you know, Bressert DSS gives a profitable signal while Fast, Slow, and Full Stochastic do not in trending Markets.

 

Please add Bressert DSS to the list of available indicators in your new program, Medved Trader.

 

Sincerely,

davc55

[Jerry Medved]

will do

[davc55]

Thank you.

 

Sincerely,

davc55

[vireya]

Was this in this last update that I uploaded this AM?

 

Didnt see it

 

Anxious to try it

[Jerry Medved]

no, it is not done yet.  I just said that we will do it, not that it is done

[Jerry Medved]

will be in the next update

[vireya]

thks much for that email

[edward40]

Jerry - how is your DSS calculated?  I like the way it moves.

[Mike Medved]

It's the standard Bressert DSS formula:

 

1. Calc Highest High and Lowest Low for the period - HH and LL

2. Calc Value = 100*(Close-LL)/(HH-LL)

3. Get EMA(smooth) of Value = EMAValue

4. Get highest high and lowest low of EMAValue for the period - NewHH and NewLL

5. PreDSS = 100*(EMAValue-NewLL)/(NewHH-NewLL)

6. DSS = EMA(smooth) of PreDSS

7. Plot DSS

 

In the future, I think we will release the source of all (most?) indicators. Both so that these kinds of questions can be answered and as models for people who will write their own indicators to include in MT.

[edward40]

Where does one get started in creating or combining indicators to use in MT?  Is this functionality available or planned for?

[Jerry Medved]

it is planned, but not yet available, so there is no place you can get started yet