KDJ - indicator for MetaTrader 5

KDJ – indicator MetaTrader 5

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KDJ oscillator defines when it is necessary to search for market entry conditions.

It has four inputs:

  • Period – calculation period;
  • KFactor – K line calculation ratio;
  • DFactor – D line calculation ratio;
  • Threshold – signal line.

Calculation:

K = KFactor * PrevK + DFactor * RSV
D = KFactor * PrevD + DFactor * K
J = 3.0*D - 2.0*K

where:

RSV = ((Close – Lowest Low) / (Highest high – Lowest low)) * 100

Lowest Low, Highest High – the lowest and highest prices within the Period interval

One of possible interpretations: J line crosses the Threshold level. Up – search the possibility for selling, down – search for the appropriate moment to buy.


KDJ – indicator MetaTrader 5
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