The Double Smoothed Stochastics by Walter Bressert came after William Blau presented his version of the Double Smoothed Stochastics in 1991. Both indicators are widespread in the trading community, but they use different algorithms. While William Blau applied separate smoothing to numerator and denominator, Walter Bressert simply applied the Stochastics %K line to itself. Applying the Stochastics twice leads to an acceleration of the running pattern. Furthermore the Double Stochastics is smoother when compared to the classic Stochastics and generates signals more frequently.
The Double Stochastics by Walter Bressert ships with NinjaTrader as in-built indicator. This version of the Stochastics adresses a few issues of the NinjaTrader default indicator:
- The default indicator has preset the %K line smoothing to 3, value which cannot be changed.
- The default indicator does not have a signal line.
- The default indicator can only be applied to price, but cannot be applied to other indicators.
This version allows for setting the smoothing period for the %K line, comes with a signal line and maybe applied to other indicators as input series.
Double stochastic is used as a cycle indicator. You can use a long term and short term cycles on your chart and take oversold short term trades in the direction of the long term cycle. This is not holy grail!
This indicator is from the Ninja Trader Support Forum.
Instances of all external MA's that are used by this indicator are pre-instantiated and the instances are defined before use.
Calls to the external MIN and MAX indicators have been replaced by calls to new internal private functions that give the minimum and maximum values.
The calls to those functions can only be made on the first tick of each new bar, and then ONLY when the maximum or minimum value of the applicable series is known to have changed. This eliminates a great deal of unnecessary loop processing.
Special thanks to Richard of MoveTheMarkets.com for the optimization strategies, at least SOME of which should be used whenever an external indicator is called from a Ninjacript INDICATOR or STRATEGY... it's a Paradigm Shifter.
This version should work on NT6.5 or NT7, but I have not tested it on NT6.5.
This is the conversion of the NinjaTrader 7 Double Stochastics indicator by FatTails.
Both periods can be changed in the settings, and the color for up lines and down lines can be selected. Double Stochastics work especially well when using one with a more 'quicker' setting and one with a 'slower' setting, notifying you early of trend changes.
This indicator also includes a function for use in backtesting.
January 22nd, 2012
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Jura
Version 1.0 March 6, 2017
The Double Exponential Moving Average (DEMA) was first presented by Patrick Mulloy in "Stocks & Commodities" in 1994. It attempts to offer a smoothed average with less lag than a straight exponential moving average.
The Double Weighted Moving Average (DWMA) replicates the DEMA formula, applying it to the WMA (weighted moving average) instead of the EMA.
This is a simple port of the famous DoubleMA for NinjaTrader. I say simple because it's only a few lines, where the NT version is hundreds of lines (needlessly).
Read the code to understand the 'type' selections, it is easy.
Two-in-one bundle: DoubleMA plots two moving averages in one (originally by Rollins, updated by me to add new MA's and a Signal/DMV dataseries).
ChannelThis will put any two moving averages into a channel with various display options so you can look for breakouts or identify Kill Zones.
You should first delete the old ChannelThis, DoubleMA Paint, DoubleMA, and MAV indicators from your indicator list --- in that order --- if you have them. Tools -> Edit NinjaScript.
I found a couple of glitches in the code (SEE... I TOLD you I wasn't a professional programmer...). I uploaded the corrected version 19 January 2011. The "None" choice wasn't working correctly.
This is an updated version that includes the JMA moving average, None (No ma type, so you can plot a regular MA) and the option to draw an Arrow on the price panel when the trend changes.
September 22nd, 2011 11:42 AM Tiberius I found this indie did not plot correcting (math,code) in fast markets. Seems like a great indie, but my faith has dimin
August 25th, 2012 02:05 PM David D Really like this, kis and clean.
May 19th, 2012 07:10 PM marker
October 2nd, 2011 11:53 PM BarOne Great indicator, especially using the zerolagEMA! I am trying to learn how to build strategies in NinjaTrader. Would l
ike to use this and the CCI to build a NT strategy, can anyone help, please?
February 16th, 2016 10:46 AM no3putts Great, thank you!
August 10th, 2015 11:43 AM Tony09 Thanks, again Fat Tails,
Awesome indicator - Exactly what im looking for entry timing.
Regards
Tony
March 23rd, 2014 11:51 AM stefp799 I am a newcomer, and i want to thank you for offering this great rendition of this old timer indicator. I was an old Stu
dent of Walter Bressert and am very familiar with the whole theory. This indicator is just what i was looking for. Had l
ost it years ago...Not useful by itself..but very useful when you look at a higher fractal chart in conjunction. say 5 m
inute chart is your master chart, and you trade on a 510 tick chart for example...or better yet...Bressert will look at
a daily chart..and when the doublestoch is descending..will short all the opportunity offered by the smaller fractals, b
ut more precise charts.. When the doublestoch is in sync between many fractals..you get the most bang for your buck. Tha