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<DIV><FONT face=Arial size=3>Thanks Robert,</FONT></DIV>
<DIV><FONT face=Arial size=3> What a great bunch on this list!
My sudden interest in the SMI indicator came about when</FONT></DIV>
<DIV><FONT face=Arial>I was looking for a longer term "over-bought / over-sold"
to compliment the two shorter term</FONT></DIV>
<DIV><FONT face=Arial>momentum indicators. Of course the SMI can remain on the
outer boundaries during extended</FONT></DIV>
<DIV><FONT face=Arial>trends, but it seems to help determine where the trend is.
On the S&P chart below my shortest</FONT></DIV>
<DIV><FONT face=Arial>indicator (yellow) gave a sell signal last Thursday, and
the Stoch-RSI gave a sell Monday, and</FONT></DIV>
<DIV><FONT face=Arial>the longer term SMI is in over-bought territory. Also the
two shorter term Forks are at resistance</FONT></DIV>
<DIV><FONT face=Arial>(middle tine) and the price is at longer term upper fork
(dashed light blue). Look like today's drop</FONT></DIV>
<DIV><FONT face=Arial>in the S&P is confirming all the signals, of course
this may just be a minor correction and I look</FONT></DIV>
<DIV><FONT face=Arial>to go long when the short-term signals point back up (if
the price remains in the purple fork).</FONT></DIV>
<DIV><FONT face=Arial>Perhaps others on this list can add to this
analysis?</FONT></DIV>
<DIV><FONT face=Arial> Adam Hefner</FONT></DIV>
<DIV> </DIV>
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<DIV> </DIV>
<DIV><FONT face=Arial size=3> </FONT></DIV>
<DIV><FONT face=Arial size=2>----- Original Message ----- </FONT>
<DIV><FONT face=Arial size=2>From: Robert Lambert <<A
href="mailto:lambertb1@xxxxxxxxx";>lambertb1@xxxxxxxxx</A>></FONT></DIV>
<DIV><FONT face=Arial size=2>To: <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>></FONT></DIV>
<DIV><FONT face=Arial size=2>Sent: Tuesday, July 13, 1999 6:35 PM</FONT></DIV>
<DIV><FONT face=Arial size=2>Subject: Re: SMI indicator</FONT></DIV></DIV>
<DIV><BR></DIV><FONT face=Arial size=2>> Hi Adam:<BR>> <BR>> Try this
code- pretty well straight from Blau's book<BR>> "momentum, direction &
divergence"<BR>> <BR>> Stochastic Momentum Index<BR>> <BR>> qq:=
Input("lookback q" ,1, 100, 20);<BR>> rr:= Input("first smoothing r" ,1 ,100
,60 );<BR>> ss:= Input("second smoothing s" ,1 ,100 ,1 );<BR>> uu:=
Input("third smoothing u", 1,100,1);<BR>> <BR>>
value1:=(CLOSE-(.5*(HHV(HIGH ,qq )+ LLV(LOW ,qq ))));<BR>> <BR>>
value2:=(HHV(HIGH ,qq )- LLV(LOW ,qq ));<BR>> <BR>> Numerator:=
Mov(Mov(Mov(value1,rr,E),ss,E),uu,E);<BR>> <BR>> Denominator:=.5*
Mov(Mov(Mov(value2,rr,E),ss,E),uu,E);<BR>> <BR>> If(Denominator
<>0,(100*(Numerator/Denominator)),0 );<BR>> <BR>> <BR>> Add a 5
period exponential mvav for trigger, and<BR>> check it out on a couple of
strongly trending internet stocks, such as<BR>> AMTD and AMZN. Seems pretty
timely.<BR>> <BR>> Also try 20,20,5,1 variables, with +50/-50 for<BR>>
OB/OS. Also seems to work well.<BR>> <BR>> Let me know what you think, if
you decide to experiment<BR>> with it.<BR>> <BR>> Thanks for all the
Gann Swing and MTF code.<BR>> <BR>> Bob Lambert<BR>> <A
href="mailto:lambertb@xxxxxxxxxxxxx";>lambertb@xxxxxxxxxxxxx</A><BR>> <BR>>
<BR>> <BR>> <BR>> <BR>> --- VonHef <<A
href="mailto:VonHef@xxxxxxxxxxxxx";>VonHef@xxxxxxxxxxxxx</A>> wrote:<BR>>
> Many months back someone posted some information on<BR>> > the "SMI"
indicator,<BR>> > I still have the code, but I lost all the info (
I<BR>> > cant even remember what <BR>> > "SMI" stands for). If
anyone still has a copy of<BR>> > this information......I would<BR>>
> be very grateful for it! <BR>> > <BR>> > Best
wishes,<BR>> > Adam Hefner.<BR>>
> VonHef@xxxxxxxxxxxxx <BR>>
> <BR>> > ---------------------------------------<BR>> > <BR>>
<BR>> _________________________________________________________<BR>> Do
You Yahoo!?<BR>> Get your free @yahoo.com address at <A
href="http://mail.yahoo.com";>http://mail.yahoo.com</A><BR>>
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