The Kurtosis is a market sentiment indicator. The Kurtosis is constructed from three different parts.
The Kurtosis, the Fast Kurtosis(FK), and the Fast/Slow Kurtosis(FSK). Signal for buy generated when indicator move up above BuyZone parameter.
The Kurtosis, the Fast Kurtosis(FK), and the Fast/Slow Kurtosis(FSK). Signal for buy generated when indicator move up above BuyZone parameter.
//////////////////////////////////////////////////////////// // Copyright by HPotter v1.0 26/06/2014 // This indicator plots the Fast & Slow Kurtosis. The Kurtosis is a market // sentiment indicator. The Kurtosis is constructed from three different parts. // The Kurtosis, the Fast Kurtosis(FK), and the Fast/Slow Kurtosis(FSK). //////////////////////////////////////////////////////////// study(title="FSK (Fast and Slow Kurtosis)", shorttitle="FSK (Fast and Slow Kurtosis)") BuyZone = input(0) hline(BuyZone, color=green, linestyle=line) xMOM_R = mom(mom(close, 3), 1) xMOM_RAvr = ema(xMOM_R, 65) xMOM_RWAvr = wma(xMOM_RAvr, 3) pos = iff(xMOM_RAvr > BuyZone and xMOM_RWAvr > BuyZone, 1,-1) barcolor(pos == -1 ? red: pos == 1 ? green : blue ) plot(xMOM_RAvr, color=blue, title="FK") plot(xMOM_RWAvr, color=red, title="FSK")