Hello all,
This indicator isn’t my idea, it is the code of “Denis O.”, who did sent it to me by email. With his permission, I did post it here.
It is not the classical “stochastic momentum index”, but this one is customizable.
We can consider a “buy” signal when the indicator crosses 0, and we go out when it goes < 50 ; of course, you can change this value.
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// STOCHASTIC MOMENTUM INDEX // par Denis 0. periodes=500 MMlongue=15 MMcourte=10 MMsignal=3 choix=0 Ligne0=0 BorneSup = 100 BorneInf=-100 seuilsup=a seuilinf=b SMI1=100*(ExponentialAverage[MMCourte](ExponentialAverage[MMLongue](customClose-(0.5*(highest[Periodes](HIGH)+lowest[Periodes](LOW))))) /(0.5*ExponentialAverage[MMCourte](ExponentialAverage[MMLongue](highest[Periodes](HIGH)-lowest[Periodes](LOW))))) Signal=Average[MMSignal,Choix](SMI1) Return BorneSup as " BorneSup " , BorneInf as " BorneInf " , SMI1 as "Signal Trade Long-Short", Signal as "INDICATEUR" , ligne0 as "ligne ZERO", seuilsup as "Sortie de Tendance Haussière", seuilinf as "Sortie de Tendance Baissière" |
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I forgot to write at the beginning :
a = 50
b = 50
These are intermediate levels
Sorry
Thank you. This one could be an aid in my current research on stochastics.
it is possible that in line 12 we should put seuilinf=-b, thaks for all