Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
__________________
You need proffesional mql coder? Contact me! I will help you!
........................................ http://www.fxservice.eu/
........................................
I am not really sure if it is so great. Mabye it looks great only on history. We have to try it.
__________________
You need proffesional mql coder? Contact me! I will help you!
........................................ http://www.fxservice.eu/
........................................
__________________
You need proffesional mql coder? Contact me! I will help you!
........................................ http://www.fxservice.eu/
........................................
The Stochastic Momentum Index (SMI) is based on the Stochastic Oscillator. The difference is that the Stochastic Oscillator calculates where the close is relative to the high/low range, while the SMI calculates where the close is relative to the midpoint of the high/low range. The values of the SMI range from +100 to -100. When the close is greater than the midpoint, the SMI is above zero, when the close is less than than the midpoint, the SMI is below zero.
The SMI is interpreted the same way as the Stochastic Oscillator. Extreme high/low SMI values indicate overbought/oversold conditions. A buy signal is generated when the SMI rises above -50, or when it crosses above the signal line. A sell signal is generated when the SMI falls below +50, or when it crosses below the signal line. Also look for divergence with the price to signal the end of a trend or indicate a false trend.
The Stochastic Momentum Index was developed by William Blau and was introduced in his article in the January, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
May be it is the different indicator.
Just found inside my computer.
Yes, this is it.
Almost the same code as in my indicator.
I tryed to use just simple arrays in calculation, but as I see, the author of yours indicator used as usual buffers instead of arrays, the results are compleatly difrent. Hm. It is very interesting. Mabye this indicator repaints history?
Anyway, I don't think that this one is better than the others. So... keep searching
__________________
You need proffesional mql coder? Contact me! I will help you!
........................................ http://www.fxservice.eu/
........................................