Kurtosis Analysis & Kurtosis MT5 Indicator

This MT5 indicator is used to help determine the sentiment of the 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 MA of K

Fast/Slow Kurtosis portion is calculated using the formula:

FSK = n-periods Moving Average of FK

Technical Analysis and How to Generate Signals

Bullish Signal - A buy signal gets generated when indicator crosses above zero.

Bearish Signal - A sell signal gets generated when indicator crosses below zero.

Technical Analysis in FX Trading