Description
Developed by Martin Pring, Know Sure Thing (KST) is a momentum oscillator based on the smoothed rate-of-change for four different timeframes. Pring first described the indicator in the 1992 “Summed Rate of Change (KST)” in Stocks & Commodities magazine. In short, KST measures price momentum for four different price cycles, combining them into a single momentum oscillator. Like any other unbound momentum oscillator, chartists can use KST to look for divergences, signal line crossovers, and centerline crossovers. Pring frequently applied trend lines to KST. Although trend line signals do not occur often, Pring notes that such breaks reinforce signal line crossovers.
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Short-term Daily = KST(10,15,20,30,10,10,10,15,9)
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Medium-term Weekly = KST(10,13,15,20,10,13,15,20,9)
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Long-term Monthly = KST(9,12,18,24,6,6,6,9,9)
Github: GitHub - Doustzadeh/cTrader-Indicator
using cAlgo.API;
using cAlgo.API.Indicators;
namespace cAlgo
{
[Levels(0)]
[Indicator(IsOverlay = false, AccessRights = AccessRights.None)]
public class KnowSureThing : Indicator
{
// RCMA1 = 10-Period SMA of 10-Period Rate-of-Change
// RCMA2 = 10-Period SMA of 15-Period Rate-of-Change
// RCMA3 = 10-Period SMA of 20-Period Rate-of-Change
// RCMA4 = 15-Period SMA of 30-Period Rate-of-Change
// KST = (RCMA1 x 1) + (RCMA2 x 2) + (RCMA3 x 3) + (RCMA4 x 4)
// Signal Line = 9-period SMA of KST
[Parameter("Source")]
public DataSeries Source { get; set; }
[Parameter("ROC1 Periods", Group = "ROC", DefaultValue = 10)]
public int RocPeriods1 { get; set; }
[Parameter("ROC2 Periods", Group = "ROC", DefaultValue = 15)]
public int RocPeriods2 { get; set; }
[Parameter("ROC3 Periods", Group = "ROC", DefaultValue = 20)]
public int RocPeriods3 { get; set; }
[Parameter("ROC4 Periods", Group = "ROC", DefaultValue = 30)]
public int RocPeriods4 { get; set; }
[Parameter("SMA1 Periods", Group = "SMA", DefaultValue = 10)]
public int SmaPeriods1 { get; set; }
[Parameter("SMA2 Periods", Group = "SMA", DefaultValue = 10)]
public int SmaPeriods2 { get; set; }
[Parameter("SMA3 Periods", Group = "SMA", DefaultValue = 10)]
public int SmaPeriods3 { get; set; }
[Parameter("SMA4 Periods", Group = "SMA", DefaultValue = 15)]
public int SmaPeriods4 { get; set; }
[Parameter("Signal Periods", DefaultValue = 9, MinValue = 1)]
public int SignalPeriods { get; set; }
[Output("KST", LineColor = "DodgerBlue")]
public IndicatorDataSeries KST { get; set; }
[Output("Signal", LineColor = "Red")]
public IndicatorDataSeries Signal { get; set; }
private PriceROC Roc1, Roc2, Roc3, Roc4;
private SimpleMovingAverage RCMA1, RCMA2, RCMA3, RCMA4;
private SimpleMovingAverage SignalSMA;
protected override void Initialize()
{
Roc1 = Indicators.PriceROC(Source, RocPeriods1);
Roc2 = Indicators.PriceROC(Source, RocPeriods2);
Roc3 = Indicators.PriceROC(Source, RocPeriods3);
Roc4 = Indicators.PriceROC(Source, RocPeriods4);
RCMA1 = Indicators.SimpleMovingAverage(Roc1.Result, SmaPeriods1);
RCMA2 = Indicators.SimpleMovingAverage(Roc2.Result, SmaPeriods2);
RCMA3 = Indicators.SimpleMovingAverage(Roc3.Result, SmaPeriods3);
RCMA4 = Indicators.SimpleMovingAverage(Roc4.Result, SmaPeriods4);
SignalSMA = Indicators.SimpleMovingAverage(KST, SignalPeriods);
}
public override void Calculate(int index)
{
KST[index] = 1 * RCMA1.Result[index] + 2 * RCMA2.Result[index] + 3 * RCMA3.Result[index] + 4 * RCMA4.Result[index];
Signal[index] = SignalSMA.Result[index];
}
}
}
Doustzadeh
Joined on 20.03.2016
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Know Sure Thing.algo
- Rating: 0
- Installs: 1267
