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
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.
Forum on trading, automated trading systems and testing trading strategies
Something Interesting to Read January 2014
newdigital, 2014.01.26 21:46
Momentum, Direction, Divergence : William Blau
In this latest volume, technical expert Bill Blau shows you how
momentum, direction, and divergence form the basis of most technical
indicators and how they can work for you to provide a considerable
competitive advantage. Clearly, concisely, and with a minimum of complex
mathematics, Blau shows you how to understand and apply them.
Integrating the latest financial insights with more than 75
easy-to-follow graphics, Blau describes the uses and limitations of many
of today's most notable technical indicators. He then demonstrates a
variety of ways in which the principles of momentum, direction, and
divergence can be used to create a versatile new set of technical
indicators or to improve the effectiveness of the most widely used
Focusing on the groundbreaking double smoothing concept, which he introduces for the first time in this book, William Blau:
The first part of the article "Indicators and Trade Systems in MQL5 by
William Blau. Part 1: Indicators " is a description of indicators and
oscillators, described by William Blau in the book "Momentum, Direction, and Divergence".
The article describes the following groups of indicators:
SMI in mql4
Is the value of
mql4's Signal_Buffer[i] = mql5's MainBuffer[i]?