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SMI - Stochastic Momentum Index for Amibroker (AFL)

Rating:
3 / 5 (Votes 4)
Tags:
oscillator, trading system, amibroker

SMI was created by William Blau in January 1993 issue of Technical Analysis of Stocks & Commodities.

The result is an oscillator that ranges between +/- 100 and is a bit less erratic than an equal period Stochastic Oscillator.

The interpretation of the SMI is virtually identical to the Stochastic Oscillator.

Screenshots

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Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("SMI - Stochastic Momentum Index"); 
SetChartBkColor( colorBlack ) ;
LookBack 	= Optimize("LookBack",Param("Lookback", 10, 1, 100 ),1,30,1);
Smooth1  	= Optimize("Smooth 1",Param("Smooth 1", 3, 1, 100 ),1,30,1);
Smooth2  	= Param("Smooth 2", 3, 1, 20 );
Trigger  	= Param("Signal", 3, 1, 10);
PP 		= ParamField("Price field",-1);
SMILevel 	= Param("Level", 60, 10, 60, 10);

HH = HHV( H, LookBack );
LL = LLV( L, LookBack );


StoMom = 100 * EMA( EMA( PP - 0.5 * ( HH + LL ), Smooth1 ), Smooth2 ) / 
( 0.5 * EMA( EMA( HH - LL, Smooth1 ), Smooth2 ) );
StoSig = MA(StoMom,3);

Buy = Cover = Cross(StoMom,StoSig);
Short = Short = Cross(StoSig,StoMom);

Plot (StoMom,_DEFAULT_NAME(),IIf(StoMom> Ref(StoMom,-1),colorBrightGreen,colorRed), styleLine+styleThick);
Plot (StoSig,"",colorWhite,styleLine+styleNoLabel);
Plot(0,"",31,styleNoLabel);
Plot( SMILevel,"",colorOrange,styleDashed);
Plot(-SMILevel,"",colorOrange,styleDashed);
_SECTION_END();

2 comments

1. akerstkh

Cool!
Tested on SPY for past 6 years resut.
Having more losers than winners.

Reverse the Buy/Sell & Short/Cover would bring positive result.

2. gajananprofits@yahoo.co.in

there are no buy sell signals. On what ground you tested the results? This is just an indicator, no signals… you have to change the parameters for better results.

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