Pine Script, KDJ Indicator, Free
This indicator was originally noted in the tradingview help forums. Noted from "Google's Finance Site," but they use a modified (using EMA instead of traditional SMA) slow stochastic with the %J equation (%J =3 * D – 2 * K ). I can't find any references to the origins of the %J equation, but it is noted in several other online sites.
getsatisfaction.com/tradingview/topics/pine_script_for_kdj_indicator
So, I've taken the indicator and made some options, upgrades and published it for free!. The basic foundation of the code is still the %J equation. I've included an option to use either the EMA (default) and the SMA (more traditional slow stochastic). You can also adjust the lookback period, %D smoothing, and I've included the option to smooth the %J. This last option slows the indicator down a little, but really cuts out the choppiness of the %J crossings.
Get the source here: pastebin.com/CVrVn9F6
Installation video by ChrisMoody here : vimeopro.com/user14689865/tradingviewcom-how-to-videos
getsatisfaction.com/tradingview/topics/pine_script_for_kdj_indicator
So, I've taken the indicator and made some options, upgrades and published it for free!. The basic foundation of the code is still the %J equation. I've included an option to use either the EMA (default) and the SMA (more traditional slow stochastic). You can also adjust the lookback period, %D smoothing, and I've included the option to smooth the %J. This last option slows the indicator down a little, but really cuts out the choppiness of the %J crossings.
Get the source here: pastebin.com/CVrVn9F6
Installation video by ChrisMoody here : vimeopro.com/user14689865/tradingviewcom-how-to-videos
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.