Kurtosis Indicator

Kurtosis Indicator
The Kurtosis is a market sentiment indicator. MetaStock formula for the Kurtosis is as follows:
Mov (Mov (Mo (3)-Ref (Mo (3), -1), 66, E) 3, C)
The Kurtosis is built from three different parts. The Kurtosis, fast Kurtosis (FK), and fast / slow Kurtosis (FSK).
The Kurtosis (K) part of this calculation is p (3)-code (P (3), -1). What is today Kurtosis - Kurtosis yesterday.
Fast Kurtosis (FK) is a MOV (K 66, E) MOV (P (3)-code (P (3), -1.66, E). What is Kurtosis smoothed with 66 period exponential moving average.
Fast / Slow Kurtosis (FSK) is the complete formula MOV (MOV (P (3)-code (P (3), -1), 66, E) 3, C). What is FC smoothed with a 3 period simple moving average.
** You may want to experiment with different time periods to optimize the results. For example, to calculate the period 4 Kurtosis, 50 FC and 10-time period, FSK, using the following formula:
MOV (MOV (P (4)-code (P (4), -1), 50, E), 10, M)