KDJ indicator: market entry by trend
KDJ indicator - a typical trend indicator for the MetaTrader 4 platform, working on the basis of price chart calculations.
It is a combination of three lines: fast, medium and slow, the intersection of which gives a signal to open a deal.
The buy signal is formed when the lines are crossed, with the red line being higher than the blue line and the blue line being higher than the green. A sell signal is given when the lines are crossed in the opposite order: the red line is below the blue line, the blue line is below the green. It should also be noted that the further the lines are from each other, the stronger the signal.
ForTrader.org experts' comments: like all trend indicators KDJ indicator gives a lot of false signals at the flat, when the lines just get tangled. Therefore it is recommended to add to it an oscillator, for example RSX nrp coronforexdescribed earlier.