Uber Kuskus Starlight [UTS]

21 mar 2020

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"

2 mag 2020

Note di rilascio

Changed default period to 10
Display fixes

2 apr

Note di rilascio

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


Area Chart


Histogram


Line Chart
Line Chart



Buy/ Sell Signals

The trend change signals generated on line crosses can optionally be shown:

• Buy signal: Triangle UP
  
• Sell signal: Triangle DOWN
  

Alerts

The trend change signals can be used to trigger alerts from:

• Up Signal
  
• Down Signal
  

For example: An alert will be triggerd when the values of one of the
alert conditions are greater than zero:

"Up Signal" - "GreaterThan" - "0"