I have played with input values but couldn't get same/similar as in metastock one below:
Screenshot by Lightshot
Somebody on mql forums was saying:
"In Metastock you have the following parameters.%K-parameters: Time Periods,Smoothing periods,Double smoothing periods . And for the %D-parameters it is this.Time Periods, Method,Style and Color..."
I am not familiar with the metastock version you are using
The version for mr4 is made as described in this book William Blau Momentum, Direction And Divergence.pdf (page 118 is the calculation formula. William Blau does not use those parameters you described - those names for parameters are usually associated with stochastic or double smoothed stochastic indicator)
Thank you for your prompt attention sir...
Please read my previous post that answered exactly the same question you posted again
It was an error on my part. Edited as above...
Sorry about that sir...
Is there somewhere a stochastic momentum index trade too?
The logic of the "trade" versions is simple : if the value is > 0 and the slope is up, then it is in the "trade mode" otherwise it is 0. Similar to values bellow 0 : if the value is < 0 and the slope is down, then it is in the "trade mode" otherwise it is 0
Would it be possible to have this SMI histogram indy with colored candles ? For instance, when the SMI slope turns up / bullish / green, have the corresponding candle have the same color ?
Thank you in advance,
Hi Mike, this is the candles version. If candleOnslope = false then the candles are colored according to smi/signal cross.
Is it possible to set an alert to closed bar.