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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: freelyhovering who wrote (15053)4/20/1998 11:25:00 PM
From: Magnatizer  Respond to of 79284
 
Don't know.

doug, do you know of an equivalent to SMI?

ht
david



To: freelyhovering who wrote (15053)4/21/1998 2:19:00 AM
From: Doug R  Read Replies (1) | Respond to of 79284
 
Myron,

I'm not sure but I seem to recall that Jim Strauss had worked something out along those lines. Give him a ring.

Doug R



To: freelyhovering who wrote (15053)4/21/1998 5:45:00 AM
From: bdog  Respond to of 79284
 
Hi Myron, it's too bad TC200 won't let you build indicators only scans.

I would try a stoch 13,13 with an 8ema for signal, this is fairly close, maybe david can double check as he is much sharper than this old dog....

here is Dougs response to SMI similarity to stochrsi:
Message 3776757

here is metastocks explanation:
The Stochastic Momentum Index (SMI) was developed by William Blau. It incorporates an interesting twist on the popular Stochastic Oscillator. While the Stochastic Oscillator provides you with a value showing the distance the current close is relative to the recent x-period high/low range, the SMI shows you where the close is relative to the midpoint of the recent x-period high/low range. The result is an oscillator that ranges between +/- 100 and is a bit less erratic than an equal period Stochastic Oscillator.

formulas in ms, need to convert to tc2000....
13,25,2 smi:
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)))

stoch 5,3 3:
The following formula calculates a 5-period %K Stochastic Oscillator with 3-period slowing:
(sum( C - llv(L,5), 3 ) / sum(hhv(H,5) - llv(L,5), 3) ) * 100
This next formula calculates a 3-period %D of the %K in the preceding formula.
mov( stoch(5,3), 3, E )

bdog