...Bressert Indicator Inputs for Omega's TradeStation, SuperCharts, and 2000i
of the Inputs for Omega's TradeStation/SuperCharts Inputs
DSTLEN Defaults to 10. This is the length of the Double Stochastic. It should be approximately ½ the length of the cycle.
DEG Default is 0. This input specifies a number the oscillator must turn before a setup bar will be activated. At 0, a .01 change will signal an oscillator turn and generate a setup bar. This is not enough of a turn to indicate a true change of oscillator direction. Experiment by changing the color and size of the setup bar and modify the display by .50, 1.50, 3.500, etc. Plot this over the default 0 signal. 4 Display should be Signal Display.
DESPLY Default is 1, which shows all setup bars with entry and without an entry. 2 shows only the setup bars that have an entry signal. Be careful of this one, as the setup bar will not be painted in real time until the entry occurs, which means you will not see a setup bar until after the entry has occurred. 3 entry occurs on the close of the setup bar.
TD - Defaults to 4. This is the maximum number of price bars from the setup bar in which an entry can occur. At 4, the entry signal can occur on bars 1, 2, 3 or 4 of the setup bar, but not on 5 or more price bars.
PNT - Defaults to 0. This is the number of points (in decimals) that a market must move above the setup bar to activate a buy signal, or below the setup bar to activate a sell signal. For a non-decimal market, such as T-Bonds or Grains, the fractional unit must be converted to decimals.
BRS - This input is only in red and blue buy/sell signals.
To activate the setup bar and entry signal, a price bar must penetrate the blue EMA line for blue buy b/s signal, or the red EMA line for red b/s signal.
The BRS is the number of bars "before" the setup bar. The program will search for penetration of the EMA line. For example, inputting a 4 will instruct the program to search 4 bars back to see if the EMA line was penetrated (to the upside for a sell; the downside for a buy). If the EMA line was penetrated, the setup bar will be painted and an entry signal may be generated. If the blue line was not penetrated within the 4 price bars, or by the setup bar, a painted setup bar will not be generated and no entry will occur, and the red buy/sell signals if the red EMA line was not penetrated within the past 4 price bars or by the setup bar, a painted setup bar will not be generated and no entry will occur.
SELLINE - Defaults to 70 for both oscillators. The level the oscillator must rise above before a Setup Bar/Sell signal can be generated.
BUYLINE - Defaults to 40 for the Double Stoch, 30 for the BLine. The level the oscillator must drop below before a Setup Bar/Buy signal can be generated.
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