KDJ_Averages - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

The KDJ moving average oscillator defines when it is necessary to look for market entry conditions. Unlike KDJ , it is calculated using standard smoothing methods. At default settings, its J-line speed is slightly faster.

It has six input parameters:

 K = MA(RSV, KPeriod, KMethod)
D = MA(K, DP period, D method)
J = 3.0*D - 2.0*K

Where:

 RSV = ((Closing Price – Lowest Price) / (Highest Price – Lowest Price)) * 100

Lowest, Highest - The lowest and highest price during the interval.

Possible interpretation options: The J line crosses the threshold level. Up - looking for the possibility of selling, down - looking for the right moment to buy.

After the J line crosses the threshold level, wait for the J line to cross with the K and D lines. Cross direction = entry direction.

Figure 1. KDJ moving average

Figure 2. KDJ average vs. KDJ comparison

Attachment download

📎 kdj_averages.mq5 (14.9 KB)

Source: MQL5 #21531