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KDJ - CakeProfits
KDJ Indicator
The KDJ is an enhanced version of the traditional Stochastic Oscillator, adding a third line (J) to measure momentum extremes. It uses the K and D lines from the Stochastic, with the J line calculated to amplify overbought and oversold signals.
K Line – Fast-moving measure of current momentum.
D Line – Smoothed version of K, used for signal confirmation.
J Line – Projects potential extremes by extending the distance between K and D.
How to Use:
Overbought: J above 100 may indicate price is extended.
Oversold: J below 0 may signal price is undervalued.
Crossovers: Bullish when K crosses above D, bearish when K crosses below D.
The KDJ is popular among swing and momentum traders for spotting early reversals, confirming trends, and filtering trades in ranging markets.
The KDJ is an enhanced version of the traditional Stochastic Oscillator, adding a third line (J) to measure momentum extremes. It uses the K and D lines from the Stochastic, with the J line calculated to amplify overbought and oversold signals.
K Line – Fast-moving measure of current momentum.
D Line – Smoothed version of K, used for signal confirmation.
J Line – Projects potential extremes by extending the distance between K and D.
How to Use:
Overbought: J above 100 may indicate price is extended.
Oversold: J below 0 may signal price is undervalued.
Crossovers: Bullish when K crosses above D, bearish when K crosses below D.
The KDJ is popular among swing and momentum traders for spotting early reversals, confirming trends, and filtering trades in ranging markets.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.