This is a special calculation of KDJ indicator. As you may know this is based on stochastic indicator. Stochastic indicator is a method to normalize a trending time serie (here price). the calculation of stochastic itself is a built in function in pine but it is straight forward:
In sudo code:
RSV for n days=(Cn－Ln)/(Hn－Ln)×100
In which, Cn is the closing price on...
Level: 3
Background
The moving average convergence / divergence (MACD) indicator is a pulse oscillator that is mainly used to trade trends. Although it is an oscillator, it is not typically used to identify overbought or oversold conditions. It appears in the diagram as two lines that oscillate without limits. The crossing of the two lines provides trading...
![WTIUSD: [blackcat] L3 Composite MACD-KDJ-RSI-WR-DMI Trading System](https://s3.tradingview.com/5/5MnOdv57_mid.png "[blackcat] L3 Composite MACD-KDJ-RSI-WR-DMI Trading System")
