Double Smoothed Stochastic – Forex Indicator by Walter Bressert

Beautiful forex indicator, isn’t it? So how do we use this indicator?

Just like using original stochastic, if its values flies above 70 or 80 then it must be regarded as overbought, and if it falls below 30 or 20 as oversold.

For main trend, if DSS (Double smoothed stochastic) is above the center line, then it must be viewed as up trend or bullish, and fall of the DSS below its center line as bearish.

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