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#1 Selling Amibroker Plugin featuring:
Stochastic %J - KDJ for Amibroker (AFL)
The KDJ indicator is a form of the Stochastic. The difference is an extra line called the %J line. The %J line is the divergence of the %D value from the %K. The value of %J can go beyond 0 or 100 for %K and %D lines on the chart.
Trading Signals: A negative value of %J with %K and %D at the bottom range indicates a strong over sold condition. When the %J value goes above 100, with %K and %D at the top range, indicates a strong over bought condition.
Settings: Default: 14 period, 3 period, 1 period
By Barry Scarborough – razzbarry [at] imageview.us
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Indicator / Formula
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 | _SECTION_BEGIN ( "Stochastic %J" ); printf ( "The KDJ indicator is actually a derived form of the Stochastic with the only difference being an extra line called the J line." + " The J line represents the divergence of the %D value from the %K. The value of J can go beyond [0, 100] for %K and %D lines on the chart." + "\nTrading Signals: A negative value of J combined with %K and %D at the bottom range indicates a strong over sold signal." + " Likewise, when the J value goes above 100, combined with %K and %D at the top range, it will indicate a strong over bought signal. " + "\nSettings: Default: 14 period, 3 period, 1 period" ); N = param ( "Range" , 9, 2, 20, 1); M1 = param ( "%K Period" , 3, 1, 20, 1); M2 = param ( "%D Period" , 3, 1, 20, 1); RSV = ( CLOSE - LLV ( LOW , N))/( HHV ( HIGH , N)- LLV ( LOW , N)) * 100; K = EMA (RSV, M1); D = EMA (K, M2); J = 3 * K-2 * D; plot (J, "Stochastic %J" , colorred ); plot (D, "Stochastic %D" , colorblue ); plot (K, "Stochastic %K" , colorgreen ); plot (80, "" , colorblack ); plot (20, "" , colorblack ); _SECTION_END (); |
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It doesn’t work. Fix it please!