KST-Based MACD

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As a follow-up to my previous script:

I am posting a stand-alone KST-based MACD.

Note that this indicator is highly laggy. Specific care must be taken when using it.
The MACD-Signal crossing is quite delayed but it is a definite confirmation.

For earlier signs, the Histogram must be analyzed. A shift from Green-White signals the 1st Bear Signal.
A MACD-Signal crossing signals the 2nd Bear SIgnal.
The same applies for bull-signs.

This indicator is useful for long-term charts on which one might want to pinpoint clear, longterm divergences.

Standard RSI, Stochastic RSI and MACD are notoriously problematic when trying to pinpoint long-term divergences.

Finally, this indicator is not meant for pinpointing entry-exit positions. I find it useful for macro analysis. In my experience, the decreased sensitivity of this indicator can show very strong signs, that can be quite laggy.

Inside the indicator there is a setting for "exotic calculations". This is an attempt to make this chart work in both linear/negative charts (T10Y2Y) and log charts (SPX)

Tread lightly, for this is hallowed ground.
-Father Grigori

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ملاحظات الأخبار

Minor code change.

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Added a ribbon, I love that stuff...

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Aesthetic changes.

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Updates in default values to make the indicator more responsive, while keeping it beautiful.

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Added copyright. I love that indicator.

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ملاحظات الأخبار

Now KST is calculated using EMA by default. This is done for increased sensitivity. You can always revert back to SMA.