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.

KDJ - trend indicator for MT4
KDJ - trend indicator for MT4

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.

Download KDJ indicator

Similar indicators for MT4

Leave a Reply

Back to top button