This indicator really is the KST indicator presented by Martin Pring.
the KST indicator is a weighted summed rate of change oscillator that
is designed to identify meaningful turns. Various smoothed rate of change
indicators can be combined to form different measurements of cycles.
the KST indicator is a weighted summed rate of change oscillator that
is designed to identify meaningful turns. Various smoothed rate of change
indicators can be combined to form different measurements of cycles.
//////////////////////////////////////////////////////////// // Copyright by HPotter v1.0 10/07/2014 // This indicator really is the KST indicator presented by Martin Pring. // the KST indicator is a weighted summed rate of change oscillator that // is designed to identify meaningful turns. Various smoothed rate of change // indicators can be combined to form different measurements of cycles. //////////////////////////////////////////////////////////// study(title="MovROC (KST indicator)", shorttitle="MovROC (KST indicator)") hline(0, color=purple, linestyle=line) xROC6 = sma(roc(close, 6), 10) xROC10 = sma(roc(close, 10), 10) xROC15 = sma(roc(close, 15), 9) xROC20 = sma(roc(close, 20), 15) nRes = xROC6 + (2 * xROC10) + (3 * xROC15) + (4 * xROC20) plot(nRes, color=blue, title="MovROC (KST indicator)")