File Includes: Indicator - FSST
Category: Indicator > Miscellaneous
FSST is the another modification of FSK indicator. It uses RSI and SLowK in the calculation.
The FSST is constructed from five different parts. The Kurtosis, the Fast Kurtosis(FK), the Fast/Slow Kurtosis(FSK), FSRS and Weighted FSRS.
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 6 period weighted moving average.
The FSST is the FSK*500 + 9 period SlowK
The weighted FSST is the FSST smoothed with 9 period WMA
The interpretation of the FSST 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.
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