iamaltcoin

KDJ Indicator - @iamaltcoin

This indicator is a mimic of the same used by bitcoinwisdom.

There seems to be several different formulas to calculate KDJ, however, i have yet to find this one on tradingview.

The background color is green when J>D and red when J<D. The idea being that when we go green we should buy and when red sell.

Let me know if you have any questions.
Remove from Favorite Scripts Add to Favorite Scripts
//
// @author iamaltcoin
//
// This KDJ indicator is a mimic of the same indicator on bitcoinwisdom
// 
// This script is released free of charge with no warranty
// Please leave a not to the author of this script if it is used
// whole or in part
//
study("KDJ Indicator - @iamaltcoin", shorttitle="GM_V2_KDJ")
ilong = input(9, title="period")
isig = input(3, title="signal")

bcwsma(s,l,m) => 
    _s = s
    _l = l
    _m = m
    _bcwsma = (_m*_s+(_l-_m)*nz(_bcwsma[1]))/_l
    _bcwsma

c = close
h = highest(high, ilong)
l = lowest(low,ilong)
RSV = 100*((c-l)/(h-l))
pK = bcwsma(RSV, isig, 1)
pD = bcwsma(pK, isig, 1)
pJ = 3 * pK-2 * pD
 
plot(pK, color=orange)
plot(pD, color=lime)
plot(pJ, color=fuchsia)

bgcolor(pJ>pD? green : red, transp=70)
ChartArt
2 years ago
Thank you for sharing your KDJ script. Here are two more versions:

by kocurekc
Pine Script, KDJ Indicator, Free

KDJ


by liw0
INDICATOR: KDJ


Reply
iamaltcoin ChartArt
2 years ago
Thanks ChartArt,

I'd found kocurekc's scripts before, as well as J.S's
KDJ
, which sparked the exploration. most of these scripts are stoch based where as mine is a non stoch based approaches suggested in places such as https://www.amibroker.com/library/detail.php?id=1144 . Thanks for the interest, let me know if you have any other questions :)
+1 Reply
ChartArt iamaltcoin
2 years ago
That's very interesting. I was only aware of Stochastic-based versions of the classic oscillator. I'm glad I commented :)
Reply
iamaltcoin ChartArt
2 years ago
:D
Reply
ChartArt iamaltcoin
2 years ago
I made a comparison. Your script is MUCH better readable than the one created by kocurekc. Your KDJ signals appears to be slower, but I still prefer your version.

snapshot
Reply
iamaltcoin ChartArt
2 years ago
Thanks for the comparison. It is a little slower than i would like, I'm tempted to release an ena version that is somewhat faster. Though, another way to read the J value might be to have it as an overbought/oversold indicator when it goes >100/<0. This would make up for the slow speed, and be much clearer than Kocurekc's.
Reply
ChartArt iamaltcoin
2 years ago
I would LOVE to see a version of your KDJ using EMA. Maybe you can add it as Pastebin to your original indicator post.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out