Uber Kuskus Starlight [UTS]

General Usage

The Kuskus Starlight is a Zero-Line Indicator that produces signals based on zero line cross.

It is designed to offer traders the much needed information on trend direction. Just like the name suggests, the indicator produces starlight shaped bodies to form a slope that runs above or below the zero reference level.

Interestingly, the starlight shaped bodies are seen to alter their color between blue (when the starlight shaped bodies are above the zero reference level) and red (when the starlight shaped bodies are below the zero signal level).

Buy Signal

Buy Signal
Go long when the blue starlights get above the zero signal level.

Sell Signal
Go short when the red starlights go below the zero signal level.

Exit buy trade
Close all buy orders if while a bullish trend is ongoing, the Kuskus Starlight Indicator pops up a red starlight slightly below the zero level.

Exit sell trade
Close all sell orders if while a bearish trend is running, the Kuskus Starlight Indicator displays a blue starlight somewhat above the zero level.

Styles

Four different styles are available:

Original Starlight

Area Chart

Histograms

Line Chart
Line Chart

Signals

The (alert-) signal generating line crosses can optionally be shown.

Alerts

Traders can easily use the trend change signals to trigger alerts from:

Up Signal
Down Signal

Those values are > zero if a condition is triggered.
Alert condition example: "Up Signal" - "GreaterThan" - "0"

發行說明

Changed default period to 10
Display fixes

發行說明

Name: Kuskus Starlight [UTS]
Created: 2020/03/21
Updated: 2025/03/31
PineScript: v6

The "KusKus Starlight" indicator is a technical analysis tool primarily used in forex trading, believed to have been developed by an Indonesian trader named KusKus in the early 2000s. It gained popularity among MetaTrader 4 (MT4) users for its simplicity and effectiveness in identifying market trends. The indicator is an oscillator that leverages a 30-period moving average and elements akin to the Fisher Transform to analyze price momentum and trend direction, making it accessible to both novice and experienced traders.

The "KusKus Starlight" features colored crosses, turquoise for bullish signals and purple for bearish signals, to help traders identify momentum and trend direction.

Understanding the Signals

Bullish Signal (Buy): Turquoise crosses appear and rise above the zero line, indicating upward price momentum.
Bearish Signal (Sell): Purple crosses appear and drop below the zero line, suggesting downward price momentum.

Entry Points

Enter a long position (buy) when turquoise crosses move above zero, signaling a potential uptrend.
Enter a short position (sell) when purple crosses fall below zero, indicating a potential downtrend.

Confirmation

Pair the indicator with tools like moving averages to confirm trend strength before acting.

Best Conditions

Works well across various timeframes and currency pairs.
Most effective in trending markets; may lag or give false signals in choppy or sideways conditions.

Tips for Use

Avoid relying on it as a standalone tool—integrate it into a broader trading strategy.
Monitor for signal consistency to filter out noise in volatile markets.

Styles

Four different styles are available:

Original Starlight