KDJ indicator - MetaTrader 5 script | Forex indicator download - MT4/MT5 resources - MetaTrader 5 resources
The author of the idea : yyy999 , the mq5 code author : Balabashka Kong .
MaxHigh (highest high) and MinLow (lowest low) determine the KDJ cycle interval within the specified range. Therefore, MaxHigh minus MinLow will equal the selected height KDJ period interval. Next, we determine the distance between the closing price of the current bar and MinLow, expressed as a percentage of the selected bar height for the KDJ period interval. It is the RSV base line.
By averaging the base RSV line with the M1 period, we get a smooth K-line. By averaging the smoothed K line and M2 period, we get the smoothed D line. The difference between the K line and the D line gives the KDC histogram.
Compare KDJ indicator and MACD:
Attachment download
📎 kdj_indicator.mq5 (8.46 KB)
Source: MQL5 #19476
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