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KST Indicator

Mike
 Mike
(@vanguardai)
Co-Founder Admin

The KST indicator can be used in the same manner as many other momentum oscillators, such as the well-known relative strength index (RSI). Trading signals are generated when the KST crosses over the signal line, but traders may also look for convergence and divergence with the price, overbought or oversold conditions, or crossovers of the center line.

-Investopedia

//Know sure Thing (KST Indicator)

Set ROC1 = PROC(Close,10)
Set ROC2 = PROC(Close,15)
Set ROC3 = PROC(Close,20)
Set ROC4 = PROC(Close,30)

Set ROCSMA1 = sma(roc1,10)
Set ROCSMA2 = sma(roc2,10)
Set ROCSMA3 = sma(roc3,10)
Set ROCSMA4 = sma(roc4,15)

set KL = ROCSMA1 + (ROCSMA2 * 2) + (ROCSMA3 * 3) + (ROCSMA4 * 4)
set signal = sma(KL,9)

plot(KL,line,red,KL)
plot(signal,line,dodgerblue,KL)

1630579926-KST-indicator.png
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Topic starter Posted : 02/09/2021 6:52 pm
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