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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
_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!