As per https://splunkbase.splunk.com/app/507/, pingstatus is only supported on Splunk Versions: 6.2, 6.1, 6.0, 5.0.
can I use it on splunk version 7.x.x ?
Else is there any other command to ping hosts/IPs on splunk 7.xx ?
The Network Toolkit app includes a search command for doing pings too. It works on Windows and Unix/Linux.
You see the search command provided here: https://lukemurphey.net/projects/network-tools/wiki/Using_Search_Commands
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maybe, give it a try. i think its written on python and most probably it will work fine with Splunk 7x.