RE: SNART MONEY INDEX

["Duke Jones" <Duke.Jones@xxxxxxxxxxxxxxxxxxxxxx>]

Zoran,

This was posted by Clyde Lee a while back.. Not sure it is what you
describe.

VAR: CPREV(C),CEARLY(C),CLATE(C),SMI(0),
           T1(0),T2(0),TT(0);

IF CURRENTBAR=1 THEN BEGIN
  T1=TIMETOMINUTES(SESS1STARTTIME)+60;
  T2=TIMETOMINUTES(SESS1ENDTIME)-60;
END;

IF DATACOMPRESSION=1 AND BARINTERVAL<=60 THEN BEGIN
  TT=TIMETOMINUTES(T);
  IF TT=T1 OR (TT>T1 AND TT[1]<T1) THEN CEARLY=C;
  IF TT=T2 OR (TT>T2 AND TT[1]<T2) THEN CLATE=C;
  IF T=SESS1ENDTIME THEN BEGIN
    SMI=(-1)*(CEARLY-CPREV)+(C-CLATE);
    CPREV=C;
  END;
  IF D>D[1] AND T[1]<>SESS1ENDTIME THEN BEGIN
    SMI=(-1)*(CEARLY-CPREV)+(C[1]-CLATE);
    CPREV=C[1];
  END;
END;

SMARTMONEYINDEX=SMI;

Duke Jones, CMT
(210) 403-2020
www.longboatglobal.com
www.sectorrotationfund.com
 


-----Original Message-----
From: Zoran Gayer [mailto:elliottwave@xxxxxxxxxxxxxxxx] 
Sent: Tuesday, August 12, 2003 9:20 AM
To: Omega-list@xxxxxxxxxx
Subject: SNART MONEY INDEX



Has anybody programmed on a DAY chart the SMART MONEY INDEX?
Is it possible on a DAY BAR CHART a HORIZONTAL PRICE LINE at the 10:00 am
price in Trade Station.

SMART MONEY INDEX has three components

1.  The difference at open to half an hour later accumulated into an value
which is called the emotional Index. 2.  Smart Money component which is the
price one hour before close to value at close called the smart money.
3   smart money index-	The accumulation of 3 above minus one above.



Zoran