Kurtosis Technical Analysis and Kurtosis MT5 Indicator

This MT5 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 forex price bar’s momentum value minus the previous forex 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

Forex Technical Analysis & How to Generate Signals

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

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

Technical Analysis in Forex Trading