Double smoothed stochastic(DEMA)
DEMA is a smoother version of the Stochastic indicator. Writing an AFL code for Amibroker about Double Smoothed Stochastic (DEMA) involves using a method that provides smoother readings for the Stochastic indicator, aiding in clearer trend analysis.
/_SECTION_BEGIN("DSS");
q = Param( "Periods", 10, 1, 100, 1 );
r = Param( "First Smoothing Periods", 3, 1, 100, 1 );
s = Param( "Second Smoothing Periods", 3, 1, 100, 1 );
a = DEMA(DEMA(C - LLV(L,q),r),s);
b = DEMA(DEMA(HHV(H,q) - LLV(L,q),r),s);
DSS = (a/b)*100;
Plot( DSS, "DSS [DEMA] ("+q+","+r+","+s+")", ParamColor( "Color", colorRed ), ParamStyle("Style") );
PlotGrid(10, colorLightGrey);
PlotGrid(90, colorLightGrey);
_SECTION_END();