The Bressert Double Stochastic - Walter's Favorite Indicator
The Bressert Double Stoc oscillator is the backbone of ProfitTrader™ because it tops and bottoms with approximately 70% of all cycle highs and lows, in all time frames, in all markets -- futures, commodities, stocks, bonds… anything that can be charted. Therefore, many trading patterns are based upon an interaction with the Double Stochastic.

The Double Stoc indicator is used to identify tops and bottoms of the trading cycles in all time frames -- intraday, daily, weekly, and monthly --and in all markets -- stocks, indices, futures, commodities, options, foreign exchange ...and all foreign markets.

The standard Stochastic often wiggles at tops and bottoms giving false buy/sell signals. The crossover (%D) is used in the regular stochastic to offset these wiggles by using a rise above the crossover as a buy signal, and a drop below the crossover as a sell signal.
The Bressert Double Stoc reduces false signals and increases the accuracy of identifying cycle bottoms and tops with high probability Mechanical Buy/Sell signals that are 70-90% accurate.
The Bressert Double Stochastic shows market direction and overbought oversold levels that coincide with cycle tops, bottoms and trend reversals. It plots in the oscillator sub-graph of the chart.

The Bressert BLine
The Bressert BLine is an RSI based indicator designed to identify trading cycles in all time frames. It turns somewhat slower than the Bressert Double Stochastic, but has a higher accuracy in identifying trading cycle tops and bottoms. The Double Stoc Buy/Sell signal averages about 70% across all times frames; the BLine averages better than 80% across all time frames.

At times the Bressert BLine will generate a Setup Bar/Entry signal at the same time as the Double Stoc. At other times, it will generate a Setup Entry signal following the Double Stoc, confirming the Double Stoc signal.

The BLine plots in the oscillator sub-graph of the chart.
HAL (High and Low) OB/OS Indicator
A market cycle is like an oscillator; constantly shifting from one extreme to another -- extremes of being oversold to overbought to oversold. When these overbought and oversold levels occur, they often develop into trading cycle tops and bottoms. The HAL OB/OS Bands show when prices are at these extremes. When occurring within a Timing Band and as the oscillator(s) is at an overbought or oversold level for a top or bottom, this indicator will greatly improve your odds of entering trades in the right direction.
The A version shows wide bands of OB and OS prices and seldom misses a cycle top or bottom. The B version, derived from more selective components shows narrower bands, but can completely miss some highs and lows that show in the A version. Walter's personal preference is the B version. Try using both versions at the same time until you are comfortable with A, B or both versions. Walter's personal preference is the B version.
The HAL OB/OS indicator plots above the oscillator panel. The green band indicates an overbought level; the red, oversold level. The lower bands are the B version; the upper bands, the A version.
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