In this paper, we develop for the first time a method of estimating the DOA parameters assuming noncircular and spatially and temporally correlated signals. The new approach is based on the two-sided IV-SSF method (instrumental variable signal with subspace fitting). It will be shown that our newly developed method outperforms the classical two-sided IV-SSF in terms of lower bias and error variance. Its performance improvement increases as the noncircularity rate increases. Moreover, this improvement is more prominent at low SNR values. We also derive for the first time an analytical expression for the stochastic Cramér-Rao bound (CRB) of the DOA estimates from spatially and temporally correlated signals generated from noncircular sources. The new CRB is compared to that of circular and temporally correlated signals. It will be shown that the CRB obtained assuming both noncircular sources and temporally correlated signals is lower than the CRB derived considering only the temporal correlation. This illustrates the potential gain that both the noncircularity and the temporal correlation provide when considered together.