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Unbounded Stochastic Momentum Index for Amibroker (AFL)
Rating:
5 / 5 (Votes 2)
Tags:
amibroker, oscillator
the Unbounded SMI values are allowed to go outside the -100 to 100 boundaries imposed by the standard SMI indicator.
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Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 | Periods=Param("Periods",15,2,100);Smooth1=Param("Smooth1",3,1,100);Smooth2=Param("Smooth2",3,1,100);HH=HHV(Ref(H,-1),Periods);LL=LLV(Ref(L,-1),Periods);StoMom=100*EMA(EMA(C-0.5*(HH+LL),Smooth1),Smooth2)/(0.5*EMA(EMA(HH-LL,Smooth1),Smooth2));Plot(StoMom,_DEFAULT_NAME(),ParamColor("Color",ColorCycle));PlotGrid(80,colorRed);PlotGrid(0,colorLightGrey);PlotGrid(-80,colorLightGrey); |
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Very interesting indicator to combine with other indicator to confirm the good entry