UDAY_C_Santhakumar

UCS_I_Martin Pring's Special K

Pring's Special K is a cyclical indicator created by Martin Pring. His method combines short-term, intermediate and long-term velocity into one complete series. Useful tool for Long Term Investors

Function -
1) Primary Trend Reversals at a Relatively Early Stage.
2) Timing Short term Price Moves.

This indicator is always part of my analysis indicator set on stockcharts.com, Wanted to share it here.
Primary Use is to find TOPs and BOTTOMS in a Market - Not 100% but the most reliable warning sign when the market is TIRED.

Drawback - Need at least 725 Bars to calculate this - Originally Developed by Martin Pring.

MORE INFO --------------------->>>
stockcharts.com...school/doku.php?id=chart_s...

My Personal Goal for this Indicator is to convert this into an Overlay, with All the components (Short/Mid/Long) meaningfully plotted out. This would make this indicator far more useful in predicting the future longer term trend.

Uday C Santhakumar
Skrip sumber terbuka

Dalam semangat TradingView yang sebenar, penulis skrip ini telah menerbitkannya dengan menggunakan sumber terbuka supaya pedagang-pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda dapat menggunakannya secara percuma tetapi penggunaan semula kod ini dalam penerbitan adalah dikawalselia oleh Peraturan Dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.

Ingin menggunakan skrip ini pada carta?
// Created by UCSGears
// This indicator is always part of my analysis indicator set on stockcharts.com, Wanted to share it here.
// Primary Use is to find TOPs and BOTTOMS in a Market - Not 100% but the most reliable warning sign.
// Need at least 725 Bars to calculate this - Originally Developed by Martin Pring
// From the book "Technical Analysis Explained" - http://www.amazon.com/Technical-Analysis-Explained-Fifth-Edition/dp/0071825177

study(title="UCS_Martin Pring's Special K", shorttitle="UCS_Pring_sK")

a = input(10, title = "Smooth" )

roc1 = (sma(roc(close,10),10)*1)
roc2 = (sma(roc(close,15),10)*2)
roc3 = (sma(roc(close,20),10)*3)
roc4 = (sma(roc(close,30),15)*4)

roc5 = (sma(roc(close,40),50)*1)
roc6 = (sma(roc(close,65),65)*2)
roc7 = (sma(roc(close,75),75)*3)
roc8 = (sma(roc(close,100),100)*4)

roc9 = (sma(roc(close,195),130)*1)
roc10 = (sma(roc(close,265),130)*2)
roc11 = (sma(roc(close,390),130)*3)
roc12 = (sma(roc(close,530),195)*4)

osc = roc1+roc2+roc3+roc4+roc5+roc6+roc7+roc8+roc9+roc10+roc11+roc12

plot(osc, color=blue, title="Martin Pring's Special K")
plot(sma(osc,a), color = red, title = "Smooth")
hline(0, title="Zero Line")