File Includes: Indicator - FSK (Fast and Slow Kurtosis)
Category: Indicator > Miscellaneous
This indicator plots the Fast & Slow Kurtosis. The Kurtosis is a market sentiment indicator. The Kurtosis is constructed from three different parts. The Kurtosis, the Fast Kurtosis(FK), and the Fast/Slow Kurtosis(FSK).
The Kurtosis(K) portion of this calculation is Momentum(3)-Momentum(3). Which is today's Kurtosis - yesterday's Kurtosis.
The Fast Kurtosis(FK) is 0.3*Kurtosis + 0.97*Kurtosis. Which is the Kurtosis smoothed with an exponential moving average.
The Fast/Slow Kurtosis(FSK) is the FK smoothed with 3 period weighted moving average.
The interpretation of the FSK is identical to the interpretation of the Price ROC. Both indicators display the rate-of-change of a security's price. However, the Price ROC indicator displays the rate-of-change as a percentage whereas the Momentum indicator displays the rate-of-change as a ratio.
Buyzone - zeroline