The Kusku Starlight indicator is an oscillator built upon some kind of Fisher transform of price. It is normalized over the last “RangePeriods”. Price smoothing can be adjusted in the parameters as well. I translate the code from MT4 by a request on English forum.
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//PRC_KuskusStarlight | indicator //24.10.2016 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //adapted from MT4 indicators'code // --- parameters RangePeriods=30 PriceSmoothing=0.3 // =0.67 IndexSmoothing=0.3 // =0.50 if barindex>RangePeriods then LowestLow=Lowest[RangePeriods](Low) HighestHigh=Highest[RangePeriods](high) if (HighestHigh-LowestLow<0.1*Pointsize) then HighestHigh=LowestLow+0.1*Pointsize endif GreatestRange=HighestHigh-LowestLow MidPrice=(High+Low)/2 // PriceLocation in current Range if (GreatestRange<>0) then PriceLocation=(MidPrice-LowestLow)/GreatestRange PriceLocation= 2.0*PriceLocation - 1.0 endif // Smoothing of PriceLocation ExtMapBuffer4=PriceSmoothing*ExtMapBuffer4[1]+(1.0-PriceSmoothing)*PriceLocation SmoothedLocation=ExtMapBuffer4 if (SmoothedLocation> 0.99) then SmoothedLocation= 0.99 elsif (SmoothedLocation<-0.99) then SmoothedLocation=-0.99 endif // FisherIndex if(1-SmoothedLocation<>0) then FishIndex=Log((1+SmoothedLocation)/(1-SmoothedLocation)) endif // Smoothing of FisherIndex ExtMapBuffer1=IndexSmoothing*ExtMapBuffer1[1]+(1.0-IndexSmoothing)*FishIndex SmoothedFish=ExtMapBuffer1 if SmoothedFish >0 then color = 1 else color = -1 endif endif return SmoothedFish coloured by color as "Kuskus Starglight", 0 as "0 level" |
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Hi Nicolas, The indicator works a treat. Thank you so much for your efforts, I really wasn’t expecting anyone to just write a piece of code. Think I’m going to like it here!
hi/ciao nicholas
ti scrivo approfittando della pagina, perche ho bisogno di aiuto….. sto ultimando una strategia per pro order molto buona (a mio giudizio) presuppone un plafond di almeno 1500€ per un contratto da 200€, validata a 100000 barre, provata in reale con ottimi risultati….per renderla quasi perfetta (sullo strumento da me scelto) avrei bisogno di aiuto per formulare un codice che a fronte di una diminuzione nel giorno precedente o in corso di piu di 250pips dia solo ordini long e viceversa per un aumento di piu di 250pips dia solo ordini short. (la condizione deve essere valida solo in queste occasioni, in situazioni normali ( cioe sotto la soglia dei 250pips) gli ordini limite vengono messi secondo le metodologie proprie del sistema
grazie
luigi
Why are posting your question here?! Its not related to this indicator…Please use the forums and create a specific topic for your question. Many thanks.
sara ovviamente mia premura condividerla nn appena sara pronta
Hi Nicholas, excuse me, but I don’t know about this opportunity, I try, sorry again