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.
//////////////////////////////////////////////////////////// // Copyright by HPotter v1.0 27/06/2014 // FSST is the another modification of FSK indicator. It uses RSI and SLowK in the calculation. // The FSST is constructed from five different parts. The Kurtosis, the Fast Kurtosis(FK), // the Fast/Slow Kurtosis(FSK), FSRS and Weighted FSRS. //////////////////////////////////////////////////////////// study(title="FSST (Fast and Slow Kurtosis)", shorttitle="FSST (Fast and Slow Kurtosis)") BuyZone = input(0) hline(BuyZone, color=green, linestyle=line) xMOM_R = mom(mom(close, 3), 1) xMOM_RAvr = ema(xMOM_R, 65) xMOM_RWAvr = wma(xMOM_RAvr, 6) xHH = highest(high, 9) xLL = lowest(low, 9) xValue = xHH - xLL FastK = (close - xLL) / xValue * 100 xFastD = nz(xFastD) + (0.5 * (FastK - nz(xFastD))) xFSST = 500 * xMOM_RWAvr + xFastD xFSST_WAvr = wma(xFSST, 9) plot(xFSST, color=blue, title="FSST") plot(xFSST_WAvr, color=red, title="WMAFSST")