Author: Andrey N. It is much inedx then Stochastic Oscillator. Color Stochastic indicator for MetaTrader 4 Forex. Find other popular MT4 indicators at. etc. 2). Description. Article Summary: Price metatrarer is the cleanest indicator in the world but it can be hard for many traders to read. Definition:Stochastic Momentum Index (SMI)The Stochastic Momentum Index (SMI) is based on the Stochastic Oscillator.
Any help would be appreciated. I have attached the indicators I am using (hopefully). If the close price is greater than the midpoint the metatrader stochastic momentum index xic is above zero. Backtest your Trading Strategies. Calculate your UK HMRC Capital Gains Tax liabilities. Manage your Investment Club. Create a FREE account today.Stochastic Momentum IndexThe Stochastic Momentum Index (SMI) indicator was developed by William Blau and is based on the Stochastic indicator.
The Stochastic oscillator is calculated using the close price relative to the high low trading range, whereas the Stochastic Momentum Index indicator is calculated using the close price relative to the midpoint of the high low trading range.The oscillator values fluctuate between -100 and 100, and as such the indicator can be readily used to i.