I am wondering how it works with short-term and middle-term KDJ indicators put together to emulate MTF.
Function
Use a fast and a slow KDJ to combine signal together to judge trend
Key Signal
oversold --> oversold signal for long reentry --> re-entry signal for long addmore --> buy more signal for long sellready --> overbought signal for short
Pros and Cons
Although it can filter out some noise, dual KDJ still have saturation issue. It may not so reliable when there are extreme market movements as similar to signle KDJ indicators.
Remarks
It improves KDJ to some extent, but it does not satisfy me yet. Keep improving.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Hello. I really like your KDJ indicator. I'm wondering where would you put buy and sell signals on this indicator?
Crazy_Cat_Man
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It's looking very promising as an over-lay on my dynamic Williams%R oscilator. I had to turn off some of the non-applicable clutter, and change some colors to get it to scale right
Jack_ishere
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您好 请教下 红三角 是卖信号，绿三角是买信号，黄色三角是再买入信号，黄方块是加仓对吗？
Shiloh777
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Thanks G-d Bless you.
Jack_ishere
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你真是太厉害了 来自厦门的崇拜 respect！！！
Rocket-J
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Hello, may i know how i turn off the black outline?
uneszone
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hi Sir, may I know which colour indicated oversold, re-entry, addmore and sellready?
amoirestaurant
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Hi sir...how to see which one is oversold. Reentry. Addmore.sellready....i dunno 😅