KDJ Indicator

KDJ Indicator

Forex BUY and SELL signals from the best KDJ Indicator for MT4. Find the overbought and oversold conditions.

Categories: Trend, MT4, Signal, Oscillator

The KDJ Indicator is a simple MT4 indicator that tells overbought and oversold levels. The indicator is an upgraded version of the Stochastics Oscillator. The traditional stochastic oscillator has K and D lines, while the KDJ adds an extra J line.

The indicator oscillates between 0 and 100 and tells the overbought and oversold levels. When the J line crosses above the K and D lines, it’s an overbought state. Conversely, the indicator mentions an oversold zone when the J line goes below the K and D lines. Traders can apply the Indicator on any timeframe; however, it’s best to apply it on longer timeframes to reduce the market noise.

KDJ Indicator for MT4 BUY/SELL signals

The above EUR/USD H4 chart shows the indicator’s KDJ Indicator BUY and SELL signals.

To look for BUY and SELL signals, traders need to look at the J line. As mentioned above, when the J line crosses over the blue and red line, the indicator is in the overbought zone. Here, traders can take short positions or exit long ones.

On the other hand, when the J line crosses below the D and K lines, the indicator marks the oversold zone, and traders can enter long or exit short positions. The indicator works best on its own, but traders can apply additional indicators with the KDJ Indicator.

Conclusion
The KDJ Indicator works like a stochastic oscillator with the addition of the J line and tells the overbought and oversold zones. If you want to download the KDJ Indicator, you can download the indicator for free on our website.