Stochastic Momentum Index Blau_SMI – indicator for MetaTrader 5 is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data. Stochastic Momentum Index Blau_SMI – indicator for MetaTrader 5 provides for an opportunity to detect various peculiarities and patterns in price dynamics ... Stochastic Momentum Index. The Stochastic Momentum Index (SMI) indicator was developed by William Blau and is based on the Stochastic indicator. The Stochastic oscillator is calculated using the close price relative to the high low trading range, whereas the Stochastic Momentum Index indicator is calculated using the close price relative to the midpoint of the high low trading range. Stochastic momentum with arrows is a mt4 (MetaTrader 4) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits. (downloadable file Stochastic momentum with arrows.rar contains Stochastic momentum with arrows.ex4 & Stochastic momentum with arrows.mq4) The Stochastic Momentum Indicator is a MetaTrader 4 (MT4) indicator that can be used with any Forex Trading System for extra confirmation to enter or exit a trade. This indicator works with all currency pairs and all timeframes. Once you download and install the indicator, it will appear in your trading chart, like the image shown above. It is a most comprehensive explanation on the use of the Stochastic Momentum Index, which is referred to as SMI. And, Hanover, you will find you definitely have not wasted your 15 minutes! Came back to FF looking for the formula for SMI, but this SMI is probably a bit different. Happy for anyone to clarify.
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