Brooky KST Advanced Analysis V3 Indicator

Brooky KST Advanced Analysis V3 Indicator

Brooky KST advanced analysis V3 indicator for MT4 is a forex trading tool that measures the trend momentum, signals trend reversal, and price divergences.

The Brooky KST Advanced Analysis V3 indicator for MetaTrader is a hybrid technical tool that is well-suited for trading forex assets. It was developed from the famous KST oscillator created by Martin Pring for trading the Stock market.

This advanced version of the indicator was developed because the KST oscillator was not suitable for analyzing the forex assets. The indicator is a combination of the Stochastic and the Relative Strength Index (RSI). It defines the trend, shows divergence, measures the momentum in the market, and shows potential trend reversal with signal crossover.

Furthermore, the indicator is suitable for novice, intermediate and advanced forex traders. Besides, it is also recommended for scalpers, day/intraday, and swing traders.

How to Trade With Brooky KST Advanced Analysis V3 Indicator

The above screenshot depicts how the indicator would look on your MT4 chart. The crossed-over signal lines indicate a potential change of the trend to bearish. On the other hand, the price is below the 0.00 line of the indicator, and the red histogram bars depict bearish momentum, which also confirms the sell signal. Furthermore, the sell entry was validated by the bearish engulfing candlestick pattern.

Conclusion
The Brooky KST Advanced Analysis V3 indicator for MT4 is essentially a refined forex trading tool that analyses the trend momentum and also provides trading opportunities. Finally, it is free to download.