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Kurtosis Indicator
MetaStock Indicator
The Kurtosis is a market sentiment indicator. The MetaStock
formula for the Kurtosis is as follows:
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Mov(Mov(Mo(3)-Ref(Mo(3),-1),66,E),3,S) |
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- The Kurtosis is constructed from three different parts. The
Kurtosis, the Fast Kurtosis(FK), and the Fast/Slow Kurtosis(FSK).
- The Kurtosis(K) portion of this calculation is
mo(3)-ref(mo(3),-1). Which is today's Kurtosis - yesterday's
Kurtosis.
- The Fast Kurtosis(FK) is mov(K,66,E)
mov(mo(3)-ref(mo(3),-1,66,E). Which is the Kurtosis smoothed
with a 66 period exponential moving average.
- The Fast/Slow Kurtosis(FSK) is the complete formula
mov(mov(mo(3)-ref(mo(3),-1),66,E),3,S). Which is the FK smoothed
with 3 period simple moving average.
**You may want to experiment with different time periods to
optimize the results. For example, to calculate a 4 period
Kurtosis, a 50 period FK and a 10 period FSK, use the following
formula:
mov(mov(mo(4)-ref(mo(4),-1),50,E),10,S)
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