KDJ Oscillator Indicator For MT5

The KDJ indicator for Metatrader 5 is a technical oscillator that predicts short-term market trends with good accuracy for any FX pair.

This trading oscillator is good if you are looking for 10-30 pips profit potential per trade.

It can be easily combined with trend indicators for pinpointing trade entries in the direction of the overall market trend.

How to spot the short-term trend with the KDJ oscillator?

  • Purple colored histogram bars above 0 are considered bullish.
  • Purple colored histogram bars below 0 are considered bearish.

The following indicator inputs and parameters can be modified: M1, M2, KDJ period.

The KDJ signal indicator works for any trading instrument (Forex, Stocks, Indices, etc.).

Make yourself familiar with this technical indicator and test it first on a demo account until you fully understand how it works.

It supports all time frames and Forex pairs.

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KDJ Indicator.mq5 Indicator (MT5)

Chart Example

The following chart shows how the KDJ Oscillator indicator looks like when applied to the MT5 chart.

How To Buy And Sell FX Pairs With The KDJ Oscillator?

Find a simple trading example below:

Buy Signal

  • A bullish signal occurs when the KDJ oscillator turns back above 0.
  • Initiate a buy transaction and add a stop order below short-term support.
  • Close the buy transaction for 10-30 pips profit or wait for the KDJ oscillator to turn back below 0.

Sell Signal

  • A bearish signal occurs when the KDJ oscillator turns back below 0.
  • Initiate a sell transaction and add a stop order above short-term resistance.
  • Close the sell transaction for 10-30 pips profit or wait for the KDJ oscillator to turn back above 0.

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KDJ Indicator.mq5 Indicator (MT5)

Frequently Asked Questions

How Do I Install This Custom Indicator On Metatrader 5?

  • Open the MT5 trading platform
  • Click on the File menu button located at the top left part of the platform
  • Click on Open Data Folder > MQL5 folder > Indicators
  • Copy the KDJ Indicatormq5 indicator file in the Indicators folder
  • Close and restart the trading platform
  • You will find the indicator here (Navigator window > Indicators)
  • Drag the indicator to the chart to get started with it!

How Do I Edit This Indicator?

  • Click in the open chart with your right mouse button
  • In the dropdown menu, click on Indicator List
  • Select the indicator and click on properties
  • Now you can edit the inputs, colors, levels, scale and visualization
  • Finally click the OK button to save the new configuration