Stochastic Momentum Index William Blau "Momentum, Direction, and Divergence", John Wiley and Sons, Inc. 1995, ISBN 0-471-02729-4, page 29: SM(q) = close - 0.5*(HH(q) + LL(q)) SMI(q, r, s) = 100*(EMA(EMA(SM(q), r)), s)/(0.5*EMA(EMA(HH(q)-LL(q)), r), s)
MACD + SMI -2.23% Ergodic When leaving the zone, MACD is painted in different colors, while in the area - is gray. In the settings you can disable shading in gray or SMI -2.23% . Works on the major currency pairs, the rest has not been tested. Because it did for me) //Google translate ---------------------- МАКД+SMI Ergodic При выходе из зоны, MACD...
This is an implementation of the Stochastic Momentum Index from William Blau's his article in Stocks & Commodities . This also allows the use of various different kinds of moving averages for the signal line. Options for this argument are: sma (simple moving average) ema (exponential moving average) wma (weighted moving average) trima (triangular...
Stochastic Momentum Index (SMI) or Stoch MTM is used to find oversold and overbought zones. It also helps to figureout whether to enter short trade or long trade. Red Shade in the Top indicates that the stock is oversold and the Green shade in the bottom indicates overbought. Strategy: Enter Long once the Overbought Zone ended and there's a crossover...
Uses SMI (Stochastic Momentum Index) to set bar colors: When SMI above overbought, bar color is red. When SMI is between 0 and overbought, bar color is maroon When SMI is between oversold and 0, bar color is green When SMI is below oversold, bar color is lime. When SMI crosses above or below 0, bar color is orange.
Based on increasing and decreasing strength, this indicator will give a good indication of when a short or long opportunity is available.
Smart money index (SMI) or smart money flow index is a technical analysis indicator demonstrating investors sentiment. The index was invented and popularized by money manager Don Hays. The indicator is based on intra-day price patterns. The main idea is that the majority of traders (emotional, news-driven) overreact at the beginning of the trading day because...