$ETH Beginner's Essential Indicator—KDJ!
Very practical, it's hard not to make money once you learn it!
Understanding the Main KDJ Indicator with One Chart! Targeting Opportunities for Success, KDJ Short-term Bottom Picking Skills!
KDJ Indicator Origin
The KDJ indicator first appeared in the form of the KD indicator, which was developed based on the Williams indicator.
However, the KD indicator is only used to judge the overbought and oversold phenomena of cryptocurrencies, while the KDJ indicator integrates the concept of moving average line speed, forming a more accurate basis for buy and sell signals.
In practical applications, the K line and D line are used in conjunction with the J line to form the KDJ indicator.
The advantages of the KDJ indicator are: it is very sensitive, suitable for short-term operations in the cryptocurrency market, and has a high accuracy in sideways and fluctuating markets. Its design integrates the highest price, lowest price, and closing price relationships of cryptocurrencies, while also considering the concepts of momentum, strength indicators, and moving averages, allowing for quick and intuitive market assessments. It is widely used for medium to short-term trend analysis in the cryptocurrency market and is a commonly used technical analysis tool in the futures and cryptocurrency markets.
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