Indicators: SMI

[Automated-Trading]

SMI:

The Smart_Money_Index indicator.

The indicator allows you to assess the effectiveness of the market in a few hours from the beginning of the trading day.

It has two parameters:

• Open hour - the beginning of the trading day (after the opening of the day)
• Session length - the length of the measured trading session (after the beginning of the trading day)

The indicator is designed for intraday operation.

Author: Scriptor

[Aprendiz de Trader B3]

How to correctly read the indicator?