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).
Go long when the blue starlights get above the zero signal level.
Go short when the red starlights go below the zero signal level.
Exit buy trade
Close all buy orders if while a 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 is running, the Kuskus Starlight Indicator displays a blue starlight somewhat above the zero level.
Four different styles are available:
The (alert-) signal generating line crosses can optionally be shown.
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"