MovROC (KST indicator)

MovROC.efs  
EFSLibrary - Discussion Board  

File Name: MovROC.efs

Description:
MovROC (KST indicator)

Formula Parameters:

Notes:

This indicator really is the KST indicator presented by Martin Pring.
the KST indicator is a weighted summed rate of change oscillator that is designed to identify meaningful turns. Various smoothed rate of change indicators can be combined to form different measurements of cycles.

Download File:
MovROC.efs


EFS Code:

/*********************************
Provided By:  
    eSignal (Copyright c eSignal), a division of Interactive Data 
    Corporation. 2008. All rights reserved. This sample eSignal 
    Formula Script (EFS) is for educational purposes only and may be 
    modified and saved under a new file name.  eSignal is not responsible
    for the functionality once modified.  eSignal reserves the right 
    to modify and overwrite this EFS file with each new release.

Description:        
    MovROC (KST indicator)
    
Version:            1.0  01/20/2009

Formula Parameters:                     Default:


Notes:
    This indicator really is the KST indicator presented by Martin Pring. 
    the KST indicator is a weighted summed rate of change oscillator that 
    is designed to identify meaningful turns. Various smoothed rate of change 
    indicators can be combined to form different measurements of cycles.

**********************************/

var bInit = false;

function preMain() {
    setStudyTitle("KST");
    setCursorLabelName("KST", 0);
    setDefaultBarFgColor(Color.blue, 0);
    addBand(0, PS_SOLID, 1, Color.black);
}

var xROC6 = null;
var xROC10 = null;
var xROC15 = null;
var xROC20 = null;

function main() {
var nValue = 0;
    if ( bInit == false ) { 
        xROC6 = sma(10, roc(6));
        xROC10 = sma(10, roc(10));
        xROC15 = sma(8, roc(15));
        xROC20 = sma(15, roc(20));
        bInit = true; 
    } 
    if (xROC20.getValue(0) == null) return;
    nValue = xROC6.getValue(0) + (2 * xROC10.getValue(0)) + (3 * xROC15.getValue(0)) + (4 * xROC20.getValue(0));
    return nValue;
}