Stochastic Momentum Indicator- SMI

AM Bayind > dual stoch momentum index (standard indi x 2 on the same separate under-price chart window)

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k% and d% values in both stoch important

"slowing" in both stoch not visible (eg. white line if white background), because "slowing" parameters in both stoch irrelevant

levels - 1st stoch (silver, 90, 10), 2nd stoch (yellow, 25, 75)

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this is only my interpretation of AM Bayind SMI

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previously posted interpretation is not valid i suppose, will try again and then post when find complete solution

May anybody help this ffpriceactio effort, please?

Thanks

Hi there!

So i been searching the internet for the entire day and i cant find the mt4 indicator for bayinds smi.
It is not a single smi indicator, but it is a dual smi indicator.
Settings like 50,4,1,1 and 8,5,1,1 for example.
I have the code for .ts but there should be some indicator for mt4 as well.

Help apreciated, i also know there are more people out there looking for this indicator.

Best Regards
Gotland.

OK SMI is pretty darned good. You need to watch her (Anne's) vid to see how she uses it. She has given two sets of settings for the SMI. First one in her book is a 6.15.3.5. The second set which I find more powerful is a dual setting. The fast smi is 12,4,2,1 and the slow smi setting is 40,10,1,1. Levels are 40, 0 -40. Obviously no indicator is stand alone.

Basic idea is that if the slow smi crosses over the 0 line then that is a trend change for that time frame. However if the slow one stays under (or above for the uptrend) the 0 line, then the oscillations of the fast one are just retraces into support/resistance, with the main trend carrying on. So one can trade both sides ie trend and counter-trend with a good level of confidence.

SMI coupled with pivot point buy/sell/confluence zones, basic trend trading strategies (multiple time frame analysis, fibs) and inter-market analysis form a coherent complete system.

Here is an SMI example of just one pair of a NZD basket trade today live in a volatile (news) environment that I have attached. The SMI asked you to stay/enter new positions long. The first buy trade is about 500 pips and the second about 300 pips (so far).

Weekly OIL

interesting on stochastic momentum... any new versions available now

SMI questions:

I have received a few questions on this. The settings that I use currently are the same. The fast smi is 12,4,2,1 and the slow smi setting is 40,10,1,1 Sometimes I use 21 instead of 12 and 55 instead of 40 because 2 of my EMAs are 21 and 55 to gauge where the market is. If you do that , make sure you change the levels to SMI levels to + 55 and - 55 rather than 40. But generally, not much difference between the two. I use SMI as an ancillary tool.
Anne Marie told me that she changes her numbers depending on the market and the instrument and the general market conditions. I dont want to do that as it introduces too much variability into an already clustered chart.

Trading:

I trade with the Macro picture. All trades from intraday to position are in support of the macro picture ie the same trade. My primary trading tool are FLOOR TRADER pivot points. Y,M,W and D pivots AND THEIR MIDPOINTS overlapped. The main BUY pivot is the M2 (midpoint 2) with a conservative target of M4, on all pivot time frames. The main sell pivot is the M3 (midpoint 3) pivot with the conservative target of M1. Pivot points are vol. weighted market support and resistance. I have seen supercomputer algos trigger buy and sell trades exactly on these lines 4 times in the blink of an eye almost every Sun evening at market open. If there is an external stochastic event.... the market buys and sell off of these lines.

The smi has to be put in twice. This is for the longer period. Both have to be inserted in the same sub window.

This is the setting for the faster period.

So this is a short carry trade. Even though the middle fluctuation, smi kept a trader in the trade.

Use of floor traders pivots for Jan 2020.

Smi and pivots

1. BUY AT MM2 why? BECAUSE THAT IS WHAT BUYERS DO AT MM2. EXIT AT MM4 why? BECAUSE THAT IS WHAT BUYERS WHO BOUGHT AT MM2, DO AT MM4.

2. ADD NEW SHORTS AT MM4 ... WHY? Because that is what sellers you do at MONTHLY RESISTANCE !!!!!!

3. When the monthly target is reached in less than the first 15 days ... the chances are high that price will come down to the central monthly pivot and bounce back up !!!

#WTI #pivots Jan 2022

#BTC #SMI

#SMI is powerful in a difficult to trade financial instrument #btc #pivots