dvanced KST Brooky was submitted by brooky-indicators.com. The KST oscillator was developed originally by Martin J. Pring. It is a well-known and exceedingly look upon when it comes to Stock Trading but not rather so when it comes to the Forex community. Its uniqueness comes in the way it computes with a supernatural ability to identify prevailing cycles.
When it gets to high volatility markets like Forex the trading system is made more suitable limiting the special effects of outlier candles and also by expanding its capabilities to run the procedure over Relative Strength Index and Stochastic. All these are options within one indicator.
There is also a distinct indicator that mirrors the logic of the sub windows indicator and draws the crossing of KST and Signal lines as support and resistance lines on the main trading chart. Because of the recurring process in the indicators’ programs, the support and resistance lines serve as important levels to consider when looking for rallies and pullbacks. There are also alerts if so desired.
The mish mash of the indicators gives an eccentric outline of the dominant pressure within the forex market and the KST on RSI and Stochastic supplementary refine the main cycle to produce trade-able opportunities against supply and demand areas. The Advanced KST brooky indicators suite is particularly good when it comes to identifying major divergences well before hand.
The Advanced KST brooky indicators come with a variety of templates to use. The templates include
Fig.1. Advanced KST Brooky showing the comparison between the difference templates of the Advanced KST brooky-indicators trading system.
The difference between these templates is their back ground color that they give to the main trading chart and some also have additional indicators that varies. For example the kst_RsiChart_And_Subwin_Match.tpl has a RSI indicator that is added while the kst_stochasticChart_And_SubWin_Match.ptl. Has the Stochastic indicator instead. Therefore it will depend with the template that best suites you. When it come to the signals, they all work pretty the same way. The additional feature of each of the template is for improving the accuracy of the signals given.
The Advanced KST brooky-indicators employs the use of various different indicators which include:
How to trade using the Advanced KST brooky-indicators trading system
PLACING A SELL ORDER.
The trader should place a sell order when the main KST closes lower than the main signal. This means that the histogram in the KST_Stochastic chart gets below the main signal (the line, which may be of different colors depending on the template you choose to use). For this to occur, the KST_Stochastic has to be above the zero line.
Example of when to place a sell order.
The order should be closed when the main signal gets below the histogram of the KST_Stochastic. This occurs only when the KST_Stochastic is below the zero line.
Advanced KST Brooky PLACING A BUY ORDER.
The trader should place a sell order when the main KST closes higher than the main signal. This means that the histogram in the KST_Stochastic chart gets above the main signal (the line, which may be of different colors depending on the template you choose to use). For this to occur, the KST_Stochastic has to be below the zero line.
The order should be closed when the main signal gets above the histogram of the KST_Stochastic. This occurs only when the KST_Stochastic is above the zero line.
Advanced KST Brooky Example of when to place a buy order.
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