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Uber Kuskus Starlight [UTS]
Updated
General Usage
The Kuskus Starlight is a Zero-Line Indicator that produces signals based on zero line cross.
It is designed to offer traders the much needed information on trend direction. Just like the name suggests, the indicator produces starlight shaped bodies to form a slope that runs above or below the zero reference level.
Interestingly, the starlight shaped bodies are seen to alter their color between blue (when the starlight shaped bodies are above the zero reference level) and red (when the starlight shaped bodies are below the zero signal level).
Buy Signal
Buy Signal
Go long when the blue starlights get above the zero signal level.
Sell Signal
Go short when the red starlights go below the zero signal level.
Exit buy trade
Close all buy orders if while a bullish trend is ongoing, the Kuskus Starlight Indicator pops up a red starlight slightly below the zero level.
Exit sell trade
Close all sell orders if while a bearish trend is running, the Kuskus Starlight Indicator displays a blue starlight somewhat above the zero level.
Styles
Four different styles are available:
Original Starlight
Area Chart
Histograms
Line Chart
Line Chart
Signals
The (alert-) signal generating line crosses can optionally be shown.
Alerts
Traders can easily use the trend change signals to trigger alerts from:
Those values are > zero if a condition is triggered.
Alert condition example: "Up Signal" - "GreaterThan" - "0"
The Kuskus Starlight is a Zero-Line Indicator that produces signals based on zero line cross.
It is designed to offer traders the much needed information on trend direction. Just like the name suggests, the indicator produces starlight shaped bodies to form a slope that runs above or below the zero reference level.
Interestingly, the starlight shaped bodies are seen to alter their color between blue (when the starlight shaped bodies are above the zero reference level) and red (when the starlight shaped bodies are below the zero signal level).
Buy Signal
Buy Signal
Go long when the blue starlights get above the zero signal level.
Sell Signal
Go short when the red starlights go below the zero signal level.
Exit buy trade
Close all buy orders if while a bullish trend is ongoing, the Kuskus Starlight Indicator pops up a red starlight slightly below the zero level.
Exit sell trade
Close all sell orders if while a bearish trend is running, the Kuskus Starlight Indicator displays a blue starlight somewhat above the zero level.
Styles
Four different styles are available:
Original Starlight
Area Chart
Histograms
Line Chart
Line Chart
Signals
The (alert-) signal generating line crosses can optionally be shown.
Alerts
Traders can easily use the trend change signals to trigger alerts from:
- Up Signal
- Down Signal
Those values are > zero if a condition is triggered.
Alert condition example: "Up Signal" - "GreaterThan" - "0"
Release Notes
Changed default period to 10Display fixes
Visit ubertradingsystems.com or send a direct message for information about indicator access.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.