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Miscellaneous > FSK (Fast & Slow Kurtosis)

Article/Author: U.Jensen for Omega Research, 1997

Download: FSK.ela

File Includes: Indicator - FSK (Fast and Slow Kurtosis)

Category: Indicator > Miscellaneous

Description:

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)[1]. Which is today's Kurtosis - yesterday's Kurtosis.

The Fast Kurtosis(FK) is 0.3*Kurtosis + 0.97*Kurtosis[1]. 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.

Usage:

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.




Inputs:

Buyzone - zeroline

EasyLanguage Code:
VALUE1=@MOMENTUM(C,3);

VALUE2=@MOMENTUM(C,3)[1];
VALUE3=.03*(VALUE1-VALUE2)+(1-.03)*VALUE3;
VALUE4=WAVERAGE((VALUE3),3);

INPUT:BUYZONE(0);

PLOT1(VALUE3,"FK");
PLOT2(VALUE4,"FSK");
PLOT3(BUYZONE,"BZ");