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Stochastic %J - KDJ for Amibroker (AFL)
kaiji
over 11 years ago
Amibroker (AFL)

Rating:
2 / 5 (Votes 5)
Tags:
oscillator, amibroker, stochastic

The KDJ indicator is a form of the Stochastic. The difference is an extra line called the %J line. The %J line is the divergence of the %D value from the %K. The value of %J can go beyond 0 or 100 for %K and %D lines on the chart.

Trading Signals: A negative value of %J with %K and %D at the bottom range indicates a strong over sold condition. When the %J value goes above 100, with %K and %D at the top range, indicates a strong over bought condition.

Settings: Default: 14 period, 3 period, 1 period

By Barry Scarborough – razzbarry [at] imageview.us

Screenshots

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Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("Stochastic %J");
printf("The KDJ indicator is actually a derived form of the Stochastic with the
only difference being an extra line called the J line." + 
" The J line represents the divergence of the %D value from the %K. The value
of J can go beyond [0, 100] for %K and %D lines on the chart." + 
"\nTrading Signals: A negative value of J combined with %K and %D at the bottom
range indicates a strong over sold signal." + 
" Likewise, when the J value goes above 100, combined with %K and %D at the top
range, it will indicate a strong over bought signal. " +  
"\nSettings: Default:  14 period, 3 period, 1 period");


N 	= param("Range", 9, 2, 20, 1); 
M1 	= param("%K Period", 3, 1, 20, 1); 
M2	= param("%D Period", 3, 1, 20, 1);

RSV	= (CLOSE - LLV(LOW, N))/(HHV(HIGH, N)- LLV(LOW, N)) * 100;
K 	= EMA(RSV, M1);
D 	= EMA(K, M2);
J 	= 3 * K-2 * D;
plot(J, "Stochastic %J", colorred);
plot(D, "Stochastic %D", colorblue);
plot(K, "Stochastic %K", colorgreen);
plot(80, "", colorblack);
plot(20, "", colorblack);
_SECTION_END();

1 comments

1. tuanbui

It doesn’t work. Fix it please!

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