Recently came through KDJ indicator in google finance chart for nifty 30mins along with macd histogram seems good even on todays range bound and previous trending days…anyone pls put your inputs after checking.
Well, not sure how good the combination will work. KDJ is basically a Stoch with another parameter ‘J’, which represents divergence between values of %D and %K. By the look of it- the indicator could recognize overbought/ oversold conditions more accurately.
But how good the indicator is, one would come to know only by back testing historical data