fxcodebase-backup
KDJ
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=72650
Forum: 17 · Topic 72650 · 1 post(s)
KDJ
Apprentice · Mon Aug 22, 2022 3:53 am
Based on the source https://www.prorealcode.com/prorealtime-indicators/kdj/
The KDJ indicator is derived from the Stochastic with the one difference being the addition of the J line. This implies that the KDJ indicator has a total of three lines; %K%D%J. The %J is simply put, the difference between the %K and the %D lines, which is similar to the MACD.
The difference between the %J and that of the MACD is that it is plotted as a histogram and the second being that the value are weighted and as such delivers more emphasis on the shorter term %K line.