MultiCharts - Stochastics KDJ
futures io

Categories Help    

MultiCharts Downloads / MultiCharts Indicators

Share MultiCharts indicators, EasyLanguage indicators.

Stochastics KDJ
This is the conversion of the NinjaTrader 7 KDJ Indicator coded by aligator.

According to the author of the original indicator:

The J line is a measure of divergence between %D and %K. The value of J can go beyond [0, 100] range. Values of J line over 100 or under 0 are supposedly the most bullish or bearish for larger swings.


One needs to watch as the %D is in overbought and oversold areas (20 - 80). As long as the J line is beyond 0 and 100 percent and has not hooked up or down the price is going to remain in overbought or oversold area. One needs to consider to sell the overbought or buy the oversold when %D is above 80 or below 20 and J line begins to hook down or up. Other indicators such as momentum, volume, support and resistance, etc. need to be considered for confirmation.

Thanks to SPMC for pointing out the error that got me stuck.

Category MultiCharts 
Suggest other entries I might like
Details: Stochastics KDJ
Category: MultiCharts 

February 18th, 2012
Size: 7.26 KB
Downloaded: 257 times

Keywords: oscillator stochastics


Copyright © 2022 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada),
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.