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KST Know Sure Thing indicator

KST, Know Sure Thing indicator, is a popular indicator amongst swing traders. The formula was developed by Martin J. Pring. The indicator is used for detecting market momentum and catching huge trends.

"KST indicator is useful to identify major stock market cycle junctures because its formula is weighted to be more greatly influenced by the longer and more dominant time spans, in order to better reflect the primary swings of stock market cycle. The concept behind the oscillator is that price trends are determined by the interaction of many different time cycles and that important trend reversals take place when a number of price trends are simultaneously changing direction." - Wikipedia


Formula

The indicator consists of two lines - main line and signal line. The main line is calculated using the following formula:

KST=MOV(ROC1,AVG1)*W1 + MOV(ROC2,AVG2)*W2 + MOV(ROC3,AVG3)*W3 + MOV(ROC4,AVG4)*W4;

where ROC stands for 'Rate of change', MOV(ROC,AVG) stands for AVG period moving average for ROC, W stands for the weight.

ROC=(Price/Price(X1) - 1)*100;

where Price refers to current closing price and Price(X1) refers to the closing price of X1 bars ago.

The signal line is calculated using the following formula:

Signal=MOV(KST,AVG);

where MOV(KST,AVG) stands for AVG period moving average for KST.


Capabilities

The indicator is capable of sounding pop-up alerts, sending push notifications or emails once the signal line crosses the main line. All the alerts/notifications can be separately enabled/disabled in the indicator setup. The indicator works on all the timeframes and symbols.


Inputs

  • ROC Period 1 - the period for ROC 1 calculation
  • ROC Period 2 - the period for ROC 2 calculation
  • ROC Period 3 - the period for ROC 3 calculation
  • ROC Period 4 - the period for ROC 4 calculation
  • Main line MA method - the moving average method for the KST main line
  • MA period 1 - the moving average period used in KST main line calculation for ROC 1
  • MA period 2 - the moving average period used in KST main line calculation for ROC 2
  • MA period 3 - the moving average period used in KST main line calculation for ROC 3
  • MA period 4 - the moving average period used in KST main line calculation for ROC 4
  • Signal line MA method - the moving average method for the KST signal line
  • MA period signal - the moving average period used in KST signal line calculation
  • Weight 1 - the weight parameter used in KST main line calculation for ROC 1
  • Weight 2 - the weight parameter used in KST main line calculation for ROC 2
  • Weight 3 - the weight parameter used in KST main line calculation for ROC 3
  • Weight 4 - the weight parameter used in KST main line calculation for ROC 4
  • Alerts - if enabled, the EA sounds pop-up alerts when the signal line crosses the main line
  • Push notifications - if enabled, the EA delivers push notifications when the signal line crosses the main line
  • Emails - if enabled, the EA sends emails when the signal line crosses the main line
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