Hello,
I am trying to get SMI to plot two lines. How could I achive this?
Picture of what I want to accomplish is attached. Please take a look. Thank you.
Attached files
smi-doubleline.png (33.83 KB)
Admin
20812
Stochastic Momentum Index Blau_SMI:
Stochastic Momentum Index (SMI) by William Blau is based on Stochastic Momentum Indicator (see Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis).
Stochatic Momentum Index is normalized (to half of q-period price range) and mapped into the [–100,+100] interval. The values of SMI is interpreted as overbought (positive) and oversold (negative) states of the market.
Author: Andrey N. Bolkonsky