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DSL (Discontinued Signal Line) indicators

#1
Thread for dsl (discontinued signal line) indicators
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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 simple 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 some level is crossed in the desired direction, ema of that value is calculated for the desired signal line
  • When that levels is crossed in the opposite direction, previous "signal" line value is simple "inherited" and it becomes a kind of a level

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


#2
Discontinued signal line rsi

In this manner, dsl line behave almost like levels, even though they are not levels.
dsl_-_rsi_cb_2.png
dsl_rsi.png
dsl-rsi.mq4
(20.33 KiB) Downloaded 861 times

#4
Discontinued signal line - macd metatrader 5 version
dsl_-_macd.mq5
(23.58 KiB) Downloaded 632 times
dsl_macd.png

#5
mladen wrote:Discontinued signal line rsi  

 
dsl_rsi.png

In this manner, dsl line behave almost like levels, even though they are not levels.
Metatrader 5 version too
dsl_-_rsi.mq5
(24.96 KiB) Downloaded 617 times


#6
Thank you for your work. Hope this forum will be much more efficient than the tsd.

#7
mladen wrote:Discontinued signal line - macd
dsl_-_macd.png
MLADEN, Could the list of averages, alerts and filters be added to this?

#8
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

#9
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
dsl_rsx.png
dsl_-_rsx.mq5
(25.08 KiB) Downloaded 486 times
dsl-rsx.mq4
(20.42 KiB) Downloaded 930 times

#10
Dear Mr.Mladen...   whether you will make dsl - STOCHASTIC too? it seemed interesting to wait [smile]


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