OPEN-SOURCE SCRIPT
KST Multi-Timeframe
Updated
Developed by Martin Pring, Know Sure Thing (KST) is a momentum oscillator based on the smoothed rate-of-change for four different timeframes.
KST fluctuates above/below the zero line. At its most basic, momentum favors the bulls when KST is positive and the bears when KST is negative.
Even though there are many different signals possible with KST, the basic centerline and signal line crossovers are usually the most robust. Unlike RSI and the Stochastic Oscillator, KST does not have upper or lower limits. This makes it relatively ill-suited for overbought and oversold signals.
I added the possibility to add on the chart a 2nd timeframe for confirmation.
If you found this script useful, a tip is always welcome... :)
KST fluctuates above/below the zero line. At its most basic, momentum favors the bulls when KST is positive and the bears when KST is negative.
Even though there are many different signals possible with KST, the basic centerline and signal line crossovers are usually the most robust. Unlike RSI and the Stochastic Oscillator, KST does not have upper or lower limits. This makes it relatively ill-suited for overbought and oversold signals.
I added the possibility to add on the chart a 2nd timeframe for confirmation.
If you found this script useful, a tip is always welcome... :)
Release Notes
You will be able now to use different settings between current time frame and the different time frame.Release Notes
Minor Update.Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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