Kurtosis MT4 Indicator and Kurtosis Signals

This MetaTrader 4 Indicator is used to help determine the sentiment of the forex trading market.

It is calculated in 3 parts.

• Kurtosis portion
• Fast Kurtosis
• Fast/Slow Kurtosis

The Kurtosis portion is calculated using the formula:

K = n-periods momentum - n-periods momentum of 1 bar before (current price bar’s momentum value minus the previous price bar’s momentum value)

The Fast Kurtosis portion is calculated using the formula:

FK = n-periods moving average of K

Fast/Slow Kurtosis portion is calculated using the formula:

FSK = n-periods moving average of FK

MT4 Indicator and Generating Signals

Bullish Signal - A buy signal is generated when the MT4 Indicator crosses above zero.

Bearish Signal - A sell signal is generated when the MT4 Indicator crosses below zero.

MetaTrader 4 Indicator