The Bressert Smooth Chart Type and the Double Smooth SMA come with the CycleTrader Indicators – Buy Here

The Bressert Smooth Chart Type comes in a number of different forms and adjustments.

Mode 1 – All prices smoothed – OPEN, HIGH, LOW, LAST are averaged and plotted.

Mode 2 – Same as #1 above, but without Leg – (The Highs and Lows).

Note: Since the Last is also an average, the last price you see on the chart will be delayed.. But you will see a very smooth trend. I suggest to have another chart type handy to see current prices.

This chart type is excellent for catching longer term moves without getting scared out from the up and downs you normally see on the charts.

Mode 3 – We use the original open/close, then smoothed the High/Low –

Mode 4 – Same as #3 above, but without legs. – (The Highs and Lows)

This chart type will help you the smoothness, but it will show you the actual Open and Closes of each bar. When you use indicators that also use the High or Low, you will find them to be smoother on these moves as well.

Mode 5 – This is different… The OPEN will always be the Average Price on the chart and the Close will always be the actual close.

This is a nice looking and effective chart. We are showing a smooth open trend with a moving close trend. You won’t see opposite closes above or below the open with this chart.

Excellent for trading with SMA average without seeing all the messes on other charts.

From Mode 5 to unlimited Modes – We use Mode 1’s Model where we average the OPEN, HIGH, LOW, LAST, but we now give as much weight to the LAST price as you want to show.

From Mode 5 to unlimited Modes – We use Mode 1’s Model where we average the OPEN, HIGH, LOW, LAST, but we now give as much weight to the LAST price as you want to show.
 
How does this work?
 
lets say you have a 7 min chart with a 12 SMA value and you put in 10 for the mode-
 
It will go back 12 bars, average out the chart bars, then use 5 as the ZERO bar… meaning if you use 6, it will add 1 more current close to the chart then average out 13 bars. Meaning it adds in the value, then divides up the balance of the total.
 
Lets say you put in mode 10… this would take the average of all the 12 bars, then add in “5” of the current bar’s price to the SUM of the previous 12 SMA Input… then divide the total by 12+5 = “17” and this will be the current bar’s close you see on the chart.
 
Why “5”?  Its because mode 10 is 5 count above 5. We use 5 as the starting point.
 
This is an excellent way to get the look and feel of mode #1, and as close as the current bar’s price as you can.

There is no limit to what higher mode above 5.
 
You can see it has a similar look to Mode 3, but feel of Mode 1…  This char to the right is a 15 mode.. meaning, I have 14 for the Average and 10 more closes added to the average from the current price, then divided it all by 14 + 10 = “24”