CUSTOM Stochastic Momentum Index

CUSTOM Stochastic Momentum Index

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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No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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05/30/2016

68 posts • 318 Followers
  1. avatar
    Doctrading • 05/30/2016 #

    I forgot to write at the beginning : 
    a = 50
    b = 50
    These are intermediate levels
    Sorry

  2. avatar
    DerPat • 05/30/2016 #

    Thank you. This one could be an aid in my current research on stochastics.

  3. avatar
    Pelayo • 05/30/2016 #

    it is possible that in line 12 we should put seuilinf=-b, thaks for all

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