KishokuMaster is a very simple indicator designed to provide an immediate representation of the ‘mood’ of the market. It provides an optimal balance of lag and smoothing to help traders establish a bullish or Bearish Bias. This is achieved by colouring candlesticks based on there relationship with a carefully calibrated Hull Moving Average. The formula for KishokuMaster is extremely simple, and the results are rather elegant.
Early trend opportunities are presented by colour flips. We recommend using KishokuMaster as a reference to assist with identifying trend direction and to provide an early warning of trend change.
The indicator is optimised for weekly, daily and 4-hour candlesticks and can be used for all trending markets such as crypto, forex or stocks. It can be used as a standalone indicator, or to provide confluence when assessing TrendMaster entry opportunities.
KishokuMaster can be used with either regular Japanese candlesticks or Heikin-Ashi candlesticks. Using Heikin-Ashi decreases the likelihood of whipsaw losses and provides a more stable visual representation of the trend. You can customise to any theme of your choice provided the candle borders and wicks are set to a uniform colour that contrasts the chart background.