KDJ Averages oscillator defines when it is necessary to search for market entry conditions. Unlike KDJ, it is calculated using standard smoothing methods. In case of the default settings, its J line is slightly faster.
It has six input parameters:
KDJ period – KDJ indicator calculation period;
K period – K line calculation period;
K method – K line calculation method;
D period – D line calculation period;
D method – D line calculation method;
Threshold – signal line.
Calculation:
K = MA(RSV, KPeriod, KMethod)
D = MA(K, DPeriod, DMethod)
J = 3.0*D - 2.0*K
Lowest Low, Highest High – the lowest and highest prices within the Period interval.
Possible interpretation options: J line crossing the Threshold level. Up – search the possibility for selling, down – search for the appropriate moment to buy.
After J line crosses the Threshold level, wait till J line is crossed by K and D lines. Crossing direction = market entry direction.
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