Pinescript
Pine Script, KDJ Indicator, FreeThis 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
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
Installation video by @ChrisMoody here : vimeopro.com
Pine Script - Relative Momentum IndicatorThis indicator was developed by Roger Altman and was introduced in the February 1993 issue of "Technical Analysis of Stocks & Commodities" magazine. The RSI was developed by J. Welles Wilder and is discussed in his book "New Concepts in Technical Trading".
Get the source here: pastebin.com
Installation video by @ChrisMoody here : vimeopro.com
After I got done coding this, I saw that www.tradingview.com had already coded the same indicator. Small differences, but same indicator, just want to give credit to a line leader.


