Indicator: Vervoort Smoothed Oscillator [LazyBear]This is Mr. Sylvian Vervoort's take on improving some well-known indicators (%B and Stoch) using smoothing techniques. A combination of TEMA and WMA does a nice job smoothing out %B, derived from zero-lag “Rainbow” data series. The same Rainbow series, averaged with the typical price, smooth the Stochastic K oscillator to produce slowStoch.
Vervroot's strategy for this oscillator (detailed explanation in the reference material below):
- It must be bullish for a buy signal and bearish for a sell signal. This means that both the oscillators must be moving up or down.
- Use the oscillators for detecting divergences. Divergence even in one is still valid.
- Stoch crossing 50 is a good confirmation signal. Momentum usually is an excellent leading indicator, so keep an eye on Stoch.
More info:
www.traders.com
www.scribd.com
Complete list of my indicators (Check the comments, I keep the list updated there):
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Indicator: Premier Stochastic OscillatorThe PSO, developed by Lee Leibfarth, is a rewired version of a short-period stochastic. This provides a quick response to changes in market direction. This highly sensitive indicator allows for early anticipation of price turns and can be used to establish definitive trading zones that identify potential trading opportunities.
Rules as suggested by Mr.Lee:
For long trades:
(1) Premier stochastic crosses below 0.90
(2) premier stochastic crosses below 0.20
For short trades:
(1) Premier stochastic crosses above -0.90
(2) premier stochastic crosses above -0.20
More info on the trading zones and other nuances:
www.investopedia.com
Strategy Stochastic Crossover This back testing strategy generates a long trade at the Open of the following
bar when the %K line crosses below the %D line and both are above the Overbought level.
It generates a short trade at the Open of the following bar when the %K line
crosses above the %D line and both values are below the Oversold level.
Custom Indicator--Interesting Thought Process!I was asked to create this Indicator by TV user Drat. In the 1st Post I go into Specific Details of the Indicator. The Concept is Valid and the 1st Post is Worth Reading.
DSS Bressert (Double Smoothed Stochastic)Hi
Let me introduce my DSS Bressert (Double Smoothed Stochastic) script.
Double Smoothed Stochastics (DSS) is designed by William Blaw.
It attempts to combine moving average methods with oscillator principles.
