DSS Bressert Colored is an amazing mt4 (Metatrader 4) indicator that can be used for both trade entry and exit or as an additional trend confirmation filter.
The indicator appears in a separate MT4 chart window and does not repaint.
Buy & Sell Trading Signal
- A new buy signal is given when the first blue colored dot appears on the chart.
- A new sell signal is given when the first orange colored dot appears on the chart.
The indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and shows promising results if used correctly.
Free Download
Download the “dss-bressert-colored.mq4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The example chart below displays the DSS Bressert Colored mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the DSS Bressert Colored Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Oscillator
Does the indicator repaint? No.
DSS Bressert + Supertrend MTF Strategy (MT4)
Introduction
This MT4 strategy combines the DSS Bressert Colored indicator with the Supertrend MTF indicator.
DSS Bressert identifies smooth momentum shifts, while Supertrend MTF confirms the prevailing trend and provides a dynamic stop level.
This combination reduces false signals and gives clear entry and exit rules.
It works best on 15-minute, 30-minute, and 1-hour charts for intraday trading and on the 4-hour chart for swing trading.
It suits traders who prefer clear rules, mechanical entries, and straightforward risk management.
Buy Entry Rules
- Supertrend MTF shows an uptrend (green Supertrend line).
- DSS Bressert crosses up through its mid/baseline and changes to bullish color.
- Enter long at the close of the candle, confirming the DSS bullish cross while Supertrend remains bullish.
- Place stop loss just below the Supertrend line or recent swing low (20–40 pips on 15–30m; 40–80 pips on 1H; wider on 4H).
- Take profit at 1.5–2 times the risk or trail the stop below the Supertrend line. Take partial profits at 1R and let the rest run.
Sell Entry Rules
- Supertrend MTF shows a downtrend (red Supertrend line).
- DSS Bressert crosses down through its mid/baseline and changes to bearish color.
- Enter short at the close of the candle, confirming the DSS bearish cross while Supertrend remains bearish.
- Place stop loss just above the Supertrend line or recent swing high (20–40 pips on 15–30m; 40–80 pips on 1H; wider on 4H).
- Take profit at 1.5–2 times the risk or trail the stop above the Supertrend line. Take partial profits at 1R and move stop to breakeven after 0.5R.
Advantages
- Clear trend filter reduces trading against the main move.
- DSS Bressert gives early momentum signals with less noise.
- Supertrend provides a simple dynamic stop level.
- Scalable across multiple timeframes.
Drawbacks
- Signals lag in choppy sideways markets, producing mixed signals.
- Entries can be late in sharp reversals.
- Lower timeframes have more false signals unless extra filters are used.
Example Case Studies
Case Study 1 — 15m USD/CHF (Quick Intraday Trade)
On the 15-minute USDCHF chart, Supertrend was bullish. DSS Bressert crossed up after a small pullback and turned bullish.
The trade was entered at the candle close, confirming the cross.
The stop was placed 18 pips below the entry under the Supertrend line. Partial profit was taken at 1R (18 pips).
The remainder was trailed under Supertrend and closed at about 42 pips gain within three hours as the trend held for several bars.
Case Study 2 — 5m AUD/CAD (Scalp Trade)
On the 5-minute AUDCAD chart, Supertrend flipped bearish and DSS confirmed with a downward cross.
Entry was placed on the confirmation candle. The initial stop was 12 pips above the entry.
The first target of 12 pips was hit in less than 20 minutes.
The remainder was trailed above Supertrend and produced a total gain of about 28 pips over the next 40 minutes.
Strategy Tips
- Check the higher timeframe Supertrend for alignment before taking a lower timeframe signal.
- Keep risk per trade at 1–2% of account equity.
- Avoid trading during major news events unless you trade news specifically.
- Add an ATR filter to size stops and targets according to volatility.
- Backtest and adjust DSS smoothing and Supertrend parameters for each instrument and timeframe.
Combining the DSS Bressert Colored and the Supertrend MTF creates a balanced MT4 system.
It pairs momentum triggers with a trend filter and clear risk rules. Follow the steps and manage risk consistently.
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Download the “dss-bressert-colored.mq4” indicator for Metatrader 4
