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Tuesday, 16 August 2022
kuskus-starlight-indicator
kuskus-starlight-indicator

kuskus-starlight-indicator

Watch the testing video here:

Kuskus Starlight Indicator

 

The Kuskus Starlight Indicator is an excellent forex trend identifying gauge. It works in a similar manner to the oscillator and therefore, it represents the simplest possible way for demonstrating the direction and strength of these market trends. Besides experienced forex traders, beginners also appreciate this trend detector for its high signal accuracy and simplicity of use.

The Kuskus Starlight Indicator fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How does it work? How to apply in trading?

Trading Rules Explanation

The Kuskus Starlight Indicator uses a 30-period moving average to watch the high, low, and closing price of the candlesticks. It is applied for determining the trend value of the currency pair. The trading signals are shown in the form of small colored crosses displayed within the indicator’s window. The principle applied here is simple: when crosses turn blue and their value rises above the zero level, the market is considered bullish. Alternatively, when crosses turn red and their value drops below the zero level, the market is considered bearish.

Buy Signal

Follow these steps for a long trade:

  • Kuskus Starlight crosses rise above 0 level
  • Price swings higher from recent low swing
  • Buy trade is triggered after the above conditions are met
  • Set stop loss a few pips below the candle corresponding to the last cross below 0 level
  • Take profit or exit trade whenever the Kuskus Starlight provides opposite signal or use your own method of trade exit

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