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.

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: http://pastebin.com/CVrVn9F6

Installation video by @ChrisMoody here : http://vimeopro.com/user14689865/trading...


Google Finance seems to use a Slow Stochastic, with Wilder version of Exponential Weighted Moving Average, with D period of 3, and %J=3 * D – 2 * K
For ThinkorSwim users, 1) Copy StochasticSlow study 2) edit new study, adding line a end of code, Jsto = 3 * SlowD - 2 * SlowK;
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