DSL (Discontinued Signal Line) indicators

Thread for dsl (discontinued signal line) indicators

What is the DSL Discontinued Signal Line?

A lot of indicators are using signal lines in order to determine the trend (or some desired state of the indicator) easier. The idea of the signal line is easy : comparing the value to it's smoothed (slightly lagging) state, the idea of current momentum/state is made.

Discontinued signal line is inheriting that simple signal line idea and it is extending it : instead of having one signal line, more lines depending on the current value of the indicator.

"Signal" line is calculated the following way :

• When a certain level is crossed into the desired direction, the EMA of that value is calculated for the desired signal line
• When that level is crossed into the opposite direction, the previous "signal" line value is simply "inherited" and it becomes a kind of a level

This way it becomes a combination of signal lines and levels that are trying to combine both the good from both methods.

In simple terms, DSL uses the concept of a signal line and betters it by inheriting the previous signal line's value & makes it a level.

Discontinued signal line rsi

In this manner, dsl line behave almost like levels, even though they are not levels.

Discontinued signal line - macd

Discontinued signal line - macd metatrader 5 version

mladen wrote:Discontinued signal line rsi  

 

In this manner, dsl line behave almost like levels, even though they are not levels.

Metatrader 5 version too

Thank you for your work. Hope this forum will be much more efficient than the tsd.

mladen wrote:Discontinued signal line - macd

MLADEN, Could the list of averages, alerts and filters be added to this?

Fresh_Prince wrote:
MLADEN, Could the list of averages, alerts and filters be added to this?

The type of the signal line can not be changed
But alerts will be added

Discontinued signal lines - rsx indicator
Since it is much smoother than RSI, it naturally filters out a lot of false signals. Metatrader 5 version attached too

Dear Mr.Mladen...   whether you will make dsl - STOCHASTIC too? it seemed interesting to wait