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MACD (KST Based) V2
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This is the next version of the original indicator:
To anyone unfamiliar with KST, it is a cousin of RSI. Basically, this indicator is analyzed like we would analyze charts using Stochastic RSI. It is basically an "energy oscillator".
This indicator considers price with the theory of relativity.
Relativity works this way: A downward moving MACD means that price velocity is slowing down. An upward moving one means that price is accelerating.
KST-Based MACD is all about relative performance. Exponential charts behave identically to horizontal ones.
Compare SPX and SPX/CURRCIR and see for yourself.
Just like the classic MACD, bear/bull signals appear on the histogram.
A band is drawn around the MACD, which is useful to pinpoint overbought/oversold conditions / squeezes.
It is also very useful for pinpointing / confirming divergences.
Tread lightly, for this is hallowed ground.
-Father Grigori
P.S. This is version 2 of the original one. Custom formulae are used all around this indicator. Basically, every formula has been reimagined for it to work in super-long-term timeframes. This indicator, compared to the previous one, doesn't ignore any chart data. It takes every single candle into consideration.
P.S.2. Pro tip: Use two separate windows, one with KST-MACD and one with KST-Histogram, just like in the cover.
To anyone unfamiliar with KST, it is a cousin of RSI. Basically, this indicator is analyzed like we would analyze charts using Stochastic RSI. It is basically an "energy oscillator".
This indicator considers price with the theory of relativity.
Relativity works this way: A downward moving MACD means that price velocity is slowing down. An upward moving one means that price is accelerating.
KST-Based MACD is all about relative performance. Exponential charts behave identically to horizontal ones.
Compare SPX and SPX/CURRCIR and see for yourself.
Just like the classic MACD, bear/bull signals appear on the histogram.
A band is drawn around the MACD, which is useful to pinpoint overbought/oversold conditions / squeezes.
It is also very useful for pinpointing / confirming divergences.
Tread lightly, for this is hallowed ground.
-Father Grigori
P.S. This is version 2 of the original one. Custom formulae are used all around this indicator. Basically, every formula has been reimagined for it to work in super-long-term timeframes. This indicator, compared to the previous one, doesn't ignore any chart data. It takes every single candle into consideration.
P.S.2. Pro tip: Use two separate windows, one with KST-MACD and one with KST-Histogram, just like in the cover.
Nota Keluaran
Simplified code and fixed initial values.Before:
After:
Nota Keluaran
Minor fixes.Nota Keluaran
New custom ribbonNota Keluaran
Now named KSTM Delta. This new version works using a new, beautiful, KST-Based MACD hybrid.Removed bands. Not useful in my opinion...
You may add two copies of the indicator on your charts, the top one with default values, the bottom one with x2 the values. (Tip on indicators: timeframes must verify one another)
Nota Keluaran
Cleaned up this mess of a placebo.It is now an actual indicator.
Not based on KST anymore.
Nota Keluaran
Minor fixesSkrip dilindungi
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