Indicators: Stochastic Momentum Blau_SM

Stochastic Momenum (Stochastic Momentum, SM) by William Blau (see Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis).

The q-period Stochastic Momentum is defined as a distance of the current close from the midpoint of q bars.

• The value of Stochastic Momentum indicates the distance between the midpoint of q-period price range.
• The sign of Stochastic Momentum indicates the price position relative to the midpoint of price range: the positive values if the price is higher than midpoint, the negative if the price is lower than midpoint of price range.