The KST oscillator was developed originally by Martin J. Pring is well known and highly regarded in Stock Trading but not quite so within the Forex community.
It is unique in how it calculates with an uncanny ability to identify dominant cycles.
We have identified a way to make it more suitable for the high volatility markets like Forex by limiting the effects of outlier candles, and have expanded it’s capabilities to run the algorithm over RSI (Relative Strength Index) and Stochastic all as options within one indicator.
In addition to this there is a separate indicator that mirrors the logic of the sub windows indicator and will draw the crossing of KST and Signal lines as support and resistance lines on your chart. Because of the cyclical algorithm in the indicators, the lines serve as important levels to consider in rallies and pullbacks. This is combined with alerts if desired.
The combination of the indicators gives a fantastic overview of what the dominant pressure is within the market and the KST on RSI and Stochastic further refine the main cycle to produce trade-able opportunities against supply and demand areas. The KST suite is particularly good at identifying major divergences well in advance.
Free Download Advanced KST brooky-indicators.rar :
User’s manual Pictures.