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Hi Adam,
This might be the deal. After you've wearied yourself playing with the
various time frames give this medley a spin.
SMI-Plex:=
StochMomentum(2,1,2)+StochMomentum(3,2,1)+StochMomentum(4,2,3)+StochMomentum(5,3,5)+StochMomentum(8,21,13)+StochMomentum(13,25,2)
I often use a 13EMA trigger w/ it, but fortunately <g> there are lots of
other convoluted preconditions that keep it from being anything but a
straightforward system.
SMI13E-Plex:=
Mov(StochMomentum(2,1,2)+StochMomentum(3,2,1)+StochMomentum(4,2,3)+StochMomentum(5,3,5)+StochMomentum(8,21,13)+StochMomentum(13,25,2),13,E)
Craig
> Subject: Re: SMI (13,25,2)
> Date: Fri, 04 Sep 1998 10:30:17 -0700
> From: Harvey Pearce <hhp@xxxxxxxx>
> Reply-To: metastock@xxxxxxxxxxxxx
> Organization: @Home Network
> To: metastock@xxxxxxxxxxxxx
> References: 1
>
> Steve/
>
> (This was supposed to go out last night, but the system was down. It
> may - or may not - be of interest to others.)
>
> Are you sure you want to know? It is not a simple article to
> summarise. "Stochastic Momentum" by William Blau. SMI = Stochastic
> Momentum Index, given symbolically as SMI(q,r,s). q is the number of
> lookback periods; r and s aare the number of days of exponential
> smoothing. Basically, the SMI plots the close relative to the mid-point
> between the highest high and the lowest low. Numerator and denominator
> both have double exponential smoothing. Blau claims very little lag for
> the indicator.
>
> SMI(13,25,2)
> 100*(mov(mov(C-(0.5*(hhv(H,13)+llv(L,13))),25,E),2,E)/
> (0.5*mov(mov(hhv(H,13)-llv(L,13),25,E),2,E)))
>
> Updating this for MS v.6.5:
>
> q:=Input("Lookback Periods?",1,1000,13);
> r:=Input("First EMA Periods?",1,100,25);
> sm:=Input("Second EMA Periods?",1,100,2);
> 100*(mov(mov(C-(0.5*(hhv(H,q)+llv(L,q))),r,E),sm,E)/
> (0.5*mov(mov(hhv(H,q)-llv(L,q),r,E),sm,E)))
>
> SMI(13,25,2) "The basic configuration of the stochastic momentum index
> is ... for a q=13-day lookback with EMA smoothings of 25 and two days
> respectively. The indicator maps into a corresponding range of from
> -100 to =100 on its scale. Prices are considered to be at "high" levels
> when the indicator is above its threshold overbought line (here set at
> +40). Prices are said to be at "low" levels when the indicator is below
> its threshold oversold line (here set at -40). The signal line ... is
> the EMA of SMI(q,r,s). It is normally in the range of three to 12
> bars. When the SMI is above its signal line, a price uptrend is
> indicated; a downtrend is defined when the SMI is below its signal
> line."
>
> SMI(20,20,1) "The stochastic momentum index now appears to trend as
> prices trend." ... "The slow stochastic may now be used as an entry (or
> exit) vehicle for trading with the stochastic momentum index defining
> the trend of prices."
> SMI(20,60,1) "Note the smoothness of the SMI due to increased smoothing
> [of] an EMA of 60 days with essentially very little lag introduction of
> the major turning points."
>
> SMI(2,300,1) "Comparison with the price chart ... reveals it to be an
> excellent stand-in for price".
> SMI(2,20,20) "The curve is observed to be timely, low lag, with access
> to major turning points in prices. The overbought and oversold
> thresholds here are set at plus and minus 20, respectively. Generally,
> a buy is indicated for the SMI crossing above its signal line; a sell is
> indicated for the SMI crossing from above to below its signal line".
>
> "The one-day stochastic is sensitive to the location of the close
> relative to the high and low of the day. This characteristic is useful
> as a sentiment, or trend identification, indicator."
> SMI(1,100,20) "The one-bar stochastic ... gives more of a sense of the
> overall direction of the market. Often, the one-bar stochastic may be
> used as a direct trading vehicle signaling major turning points on a
> smooth and timely basis."
> SMI(1,40,20) "A TSI [True Strength Index] (close,40,20) curve is
> included for comparison. The TSI curve tracks the close-to-close prices
> and is greatly affected by the gap opening. The one-bar stochastic is
> unaffected by the gap opening continuing to rise from one day to the
> next."
>
> There were several comparisons of the SMI with the True Strength Index
> (don't ask) which Blau had introduced a couple of years earlier.
>
> Now aren't you sorry you asked? I'll pass on the moose: we have
> politicians like that.
>
> Harvey Pearce, Victoria, B.C., Canada
> =====================================
>
>
> Steve Karnish wrote:
> >
> > List,
> >
> > I picked up this indicator and have been working it for the last
> > month. Maybe it came from support at Equis (don't know for
> > sure). Anyway, the "SMI" was discussed in an article in January
> > 1993's TASC. Can anyone tell me the name of the indicator (for
> > ten points) and the concept behind it (bonus ten points). First
> > one to identify the answers wins a stay at my mother-in-laws:
> > "Rolling Hills Bed and Breakfast" and when you get here
> > (somewhere in northern Idaho), you get to pet a moose (but be
> > careful...they're the postal workers of the animal kingdom).
> > Attached is the SMI (13,25,2) and December Silver. This is
> > really bugging me!
> >
> > Steve Karnish
> > CCT
> >
> > ------------------------------------------------------------------------
> >
> > Name: DecSilSMI.gif
> > DecSilSMI.gif Type: GIF Image (image/gif)
> > Encoding: base64
> > Description: DecSilSMI (GIF Image)
>
> VonHef wrote:
>
> Many months back someone posted some information on the "SMI"
> indicator,
> I still have the code, but I lost all the info ( I cant even remember
> what
> "SMI" stands for). If anyone still has a copy of this
> information......I would
> be very grateful for it!
>
> Best wishes,
> Adam Hefner.
> VonHef@xxxxxxxxxxxxx
>
> ---------------------------------------
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