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    158 Martin Pring On Market Momentum

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    TUAN NGUYỄN
    The document discusses using the KST indicator and trendline analysis to analyze currency movements. It describes applying trendlines to the KST indicator and looking for joint breaks as reliable signals. It also discusses interpreting the KST using the same principles as other oscillators like divergences, overbought/oversold, and price pattern analysis.

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    158 Martin Pring On Market Momentum

    Uploaded by

    TUAN NGUYỄN
    17 views1 page
    The document discusses using the KST indicator and trendline analysis to analyze currency movements. It describes applying trendlines to the KST indicator and looking for joint breaks as reliable signals. It also discusses interpreting the KST using the same principles as other oscillators like divergences, overbought/oversold, and price pattern analysis.

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    The document discusses using the KST indicator and trendline analysis to analyze currency movements. It describes applying trendlines to the KST indicator and looking for joint breaks as reliable signals. It also discusses interpreting the KST using the same principles as other oscillators like divergences, overbought/oversold, and price pattern analysis.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    17 views1 page

    158 Martin Pring On Market Momentum

    Uploaded by

    TUAN NGUYỄN
    The document discusses using the KST indicator and trendline analysis to analyze currency movements. It describes applying trendlines to the KST indicator and looking for joint breaks as reliable signals. It also discusses interpreting the KST using the same principles as other oscillators like divergences, overbought/oversold, and price pattern analysis.

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    158 Martin Pring on Market Momentum

    Chart 7.8 Deutsche Mark and Intermediate-Term KST

    One method of using the KST is to apply trendline analysts to the indicator. Here, the intermediate KST has
    trendlines drawn upon it along with trendlines drawn on the Deutsche mark. Joint trendline breaks are often
    reliable signals

    The KST should be interpreted using the same principles that you would
    apply to other oscillators. Divergences, overbought and oversold conditions,
    trendline violations, and price-pattem analy sis are as relevant to the KST as
    they are to the rate-of-change. RSI. MACD, and so forth. Trendline violations
    in the KST do not occur very often; but when they do, they have the effect of
    strong reinforcment for the KST moving average crossover signals previ ously
    discussed. Chart 7.9 demonstrates this effect quite clearly. Since the long-
    term KSTs based on monthly data are far more smooth and deliberate in their
    movements, trendline construction and price-pattern configurations are rarely,
    if ever, apparent. On the other hand, we can see that the short-term KST
    indicators are far more susceptible to such possibilities because of their more
    volatile nature.
    The formulae set out in table 7.1 are not the last words on the KST. I am
    sure that someone who wants to optimize the time frames, moving averages,
    and weightings could come up with statistically superior results. Even though
    they are offered here as a starting point for additional experimentation,
    remember there is no Holy Grail. Substituting the impossible objective of
    statistical

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