KDJ indicator
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GrumpyOldBear
Aug 16, 2011, 7:01:33 PM8/16/11
to Google Finance
How does google calculates its KDJ indicator for its charts?
I've searched all over and cant find a definite way of doing it.
Everybody has different methods.
On same sites, they say:
%K = 100[(C – L5close)/(H5 – L5)]
C = the most recent closing price
L5 = the low of the five previous trading sessions
H5 = the highest price traded during the same 5 day period.
The formula for the more important %D line looks like this:
%D = 100 X (H3/L3)
Now calculate %J = 3 x D – 2 x K
But when I try that, it doesnt match with google chart's data.
Some other site apply an SMA or EMA of the %K but even that doesnt
fit.
Help would be appreciated!
I've searched all over and cant find a definite way of doing it.
Everybody has different methods.
On same sites, they say:
%K = 100[(C – L5close)/(H5 – L5)]
C = the most recent closing price
L5 = the low of the five previous trading sessions
H5 = the highest price traded during the same 5 day period.
The formula for the more important %D line looks like this:
%D = 100 X (H3/L3)
Now calculate %J = 3 x D – 2 x K
But when I try that, it doesnt match with google chart's data.
Some other site apply an SMA or EMA of the %K but even that doesnt
fit.
Help would be appreciated!
GrumpyOldBear
Aug 16, 2011, 8:54:51 PM8/16/11
to Google Finance
Figured it out !
After calculating the following
100[(C – L5close)/(H5 – L5)]
It applies a 5 day EMA to get the K
:)
After calculating the following
100[(C – L5close)/(H5 – L5)]
It applies a 5 day EMA to get the K
:)
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