WHAT IS THE STOCHASTIC MOMENTUM INDEX INDICATOR?
The Stochastic Momentum Index (SMI), a modified version of Blau's Double Smooth, evaluates a market's overbought or oversold status by contrasting the median of the high- and low values with the current close price. The SMI is also used by traders as a general trend indicator; values above 40 are considered to be signs of a bullish trend, while negative values larger than -40 are considered to be signs of a bearish trend.
Since it improves stochastic readings by eliminating false swings, traders of all levels of expertise view the Stochastic Momentum Index indicator as a superior version of the stochastic oscillator.
Currently, we provide a lifetime-free version of the Stochastic Momentum Index for NinjaTrader 8.
GREAT FEATURES FOR EASY TRADING: OUR STOCHASTIC MOMENTUM INDEX INDICATOR
Download the Stochastic Momentum Index Indicator by Devside Trading for NinjaTrader 8 today!
✅ Indicates momentum
✅ Support & resistance levels
✅ Better stochastic reading
✅ Sell/buy signal lines
✅ Fitting experienced & new traders
✅ Fully compatible with NinjaTrader 8
USE THE STOCHASTIC MOMENTUM INDICATOR IN YOUR PLAN AND MONITOR LATEST TREND CHANGES!
It is a great example of divergence because of its plot, which goes from -100 to +100. It's easy to read:
If the plot crosses the signal line and drops below a certain point, like -50, buying is advised. Selling is advised, though, if it moves past, say, +50 and crosses below the signal line. The signal lines can be changed to suit your preferences.
In order to locate the finest sell and buy opportunities on NinjaTrader 8, many traders utilize it as their first indicator of preference.
DEVSIDE TRADING: GET THE BEST NINJATRADER INDICATORS FOR YOUR STRATEGIES
You are utilizing one of the most dependable technological analysis tools with the Stochastic Momentum Index Indicator download, but be sure to look at our other momentum indicators as well:
Despite maybe appearing more challenging to understand at first than a typical plot, NinjaTrader 8 Ichimoku Cloud quickly becomes vital to most users. The Ichimoku indicator, which was created in Japan in the late 1960s and roughly translates to "one look equilibrium chart," helps traders to quickly identify support and resistance levels, momentum, and trend directions.
The Stochastic Oscillator indicator evaluates the closing price in relation to a range of closing prices over a predetermined time period. By default, it plots support and resistance lines at 20 and 80. George Lane created the stochastic oscillator indicator in the latter 1950s. By changing the period setting, one may lessen the indicator's market sensitivity. The Stochastic Oscillator is constantly in the range of 0 and 100. For this reason, keeping an eye on overbought and oversold levels is helpful.
DEVSIDE TRADING: DOWNLOAD THE STOCHASTIC MOMENTUM INDEX INDICATOR FOR NINJATRADER AND MORE!
Add the Stochastic Momentum Index Indicator to your purchase cart to take use of all of its benefits, including trend changes and notifications. After choosing one of our many secure payment options and finishing the checkout procedure.
The Stochastic Momentum Index Indicator may then be downloaded securely when we send you a confirmation email with an activation code. Interested?
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