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Published:

2018.08.23 13:31

KDJ.mq5 (11.28 KB) view

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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.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21530

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KDJ - indicator for MetaTrader 5