The DSS Bressert indicator, or Double Smoothed Stochastic, was developed by Walter Bressert, a well-known trader and analyst. The indicator aims to provide smoother and more reliable signals than the traditional Stochastic oscillator. It gives traders signals of overbought and oversold conditions in the market. Readings above 80 indicate overbought levels, suggesting a potential reversal or selling opportunity. Readings below 20 indicate oversold levels, suggesting a possible reversal or buying opportunity. Additionally, traders watch for crossovers between the DSS and signal lines. When the DSS line crosses above the signal line, it generates a bullish signal, indicating a potential buying opportunity. Conversely, when the DSS line crosses below the signal line, it generates a bearish signal, suggesting a possible selling opportunity.
