Kahuna

Description

Woodward and Brown's Kahuna indicator, looking for 1 day %B changes of plus or minus .24 for a small kahuna and plus or minus .4 for a big kahuna

Category

Bands Indicators

Parameters

N ( Default: 20 Min: 2 Max: 300 )

P ( Default: 2 Min: .1 Max: 10 )

Chart Script

0;
MID := MA(CLOSE,N);
UPPER:= MID + P*STDP(CLOSE,N);
LOWER:= MID - P*STDP(CLOSE,N);
B := (C - LOWER) / (UPPER - LOWER);
Chg: B - Ref(B,1);
BigUp: IF(Chg >= 0.4,1,0),colorstick;
BigDn: IF(Chg <= -0.4,-1,0),colorstick;
LittleUp: IF(BETWEEN(Chg,0.24,0.4),0.5,0),colorstick;
LittleDn: IF(BETWEEN(Chg,-0.4,-0.24),-0.5,0),colorstick;
@SETHLINE(-.4,-.24,0,.24,.4);