The Pring’s Special K indicator combines short-term, intermediate and long-term velocity into one complete series, thereby giving us true summed cyclicality. It has two functions: to identify primary trend reversals at a relatively early stage and to use that information for timing short-term pro-trend price moves.
Configuration Options
- Field: Price or combination of prices to use as the base for average calculations. Possible values include:
- Open
- High
- Low
- Close
- Adjusted Close
- HL/2 ( left ( frac{High + Low}{2} right ) )
- HLC/3 ( left ( frac{High + Low + Close}{3} right ) )
- HLCC/4 ( left ( frac{High + Low + Close + Close}{4} right ) )
- OHLC/4 ( left ( frac{Open + High + Low + Close}{4} right ) )
- Interval:
- Daily
- Weekly
- Color Selectors: Colors to use for graph elements.
- Display Axis Label: Whether to display the most recent value on the Y axis.