"SMR's short term momentum oscillator is constructed by taking about a 2, 3, OR 4 day moving average of the closing price and subtracting around a 9, 10 or 11 day moving average of the closing price. Subtracting one number from the other will produce either a positive or negative number."
So it'll be an oscillator that can be configured to be a 2/9, 3/10 or 4/11.
Add on a smoothed 15, 16 or 17 day moving average. So this indicator will look like a stochs.
Can anyone please programme this indicator for me? It'll be greatly appreciated.
By the way, this indicator is from Chick Goslin's book. Chick is an excellent trader and we would do well to learn from him.
So it'll be an oscillator that can be configured to be a 2/9, 3/10 or 4/11.
Add on a smoothed 15, 16 or 17 day moving average. So this indicator will look like a stochs.
Can anyone please programme this indicator for me? It'll be greatly appreciated.
By the way, this indicator is from Chick Goslin's book. Chick is an excellent trader and we would do well to learn from him.