GreenMood inchart KST — Indicator by Greenmood

Threshold min / max as well as usual KST 0.41% settings (ROCx, SMA ) can be changed in format view.

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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Want to use this script on a chart?

//@version=2
study('GreenMood inchart KST', overlay=true)
//data = close >= open
//plotshape(data, style=shape.triangleup,location=location.abovebar, color=green)
//plotshape(not data, style=shape.triangledown,location=location.belowbar, color=red)

// KST VARIABLE
ROC1=input(10)
ROC2=input(13)
ROC3=input(15)
ROC4=input(20)
SMA1=input(6)
Magnitude_Bull=input(-0.5)
Magnitude_Bear=input(0.5)
// KST INPUT
ROCma1 = sma(roc(close,ROC1), 10)
ROCma2 = sma(roc(close,ROC2), 10)
ROCma3 = sma(roc(close,ROC3), 10)
ROCma4 = sma(roc(close,ROC4), 15)
ZeroLine = hline(0)
// KST CALCULATION
KST =  ROCma1 + (ROCma2*2) + (ROCma3*3) + (ROCma4*4)
SIGNAL = sma (KST, SMA1)
plotgreenKST = iff((crossover(KST, SIGNAL)) and KST <Magnitude_Bull, crossover(KST,SIGNAL),na)
plotredKST = iff((crossunder(KST, SIGNAL)) and KST >Magnitude_Bear, crossunder(KST,SIGNAL),na)
// KST OUTPUT
plotshape(plotgreenKST, style=shape.triangleup, location=location.bottom, color=lime, size=size.small, text="KST Buy")
plotshape(plotredKST, style=shape.triangledown, location=location.top, color=red, size=size.small, text="KST Sell")