Stochastic Momentum Index Mt4
Smi helps you see where the current close has taken place.
Stochastic momentum index mt4. The stochastic momentum index smi indicator was developed by william blau and is based on the stochastic indicator. Stochastic momentum indicator mt4 setting december 29 2014 written by forex trader i m a new comer to trading as well as want to understand using smi and it is usefulness. Stochastic momentum index smi or stoch mtm is used to find oversold and overbought zones.
The stochastic momentum index smi was introduced by william blau in 1993 as a way to clarify the traditional stochastic oscillator. Red shade in the top indicates that the stock is oversold and the green shade in the bottom indicates overbought. L utilisation du smi est quasi identique à celle du stochastique.
Continue reading free live forex signals forex indicators mt4 eas mt4 scripts. 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.
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