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Stochastic Momentum Index _ UCSgears

The Stochastic Momentum Index (SMI) was introduced by William Blau in 1993 as a way to clarify the traditional stochastic oscillator. SMI helps you see where the current close has taken place relative to the midpoint of the recent high to low range is based on price change in relation to the range of the price. This is a range based indicator, when used right. It can help momentum changes.

For those looking for help understanding this -

wiki.timetotrade.eu/Stochastic_Momentum_Index
tradingstrategyideas.com/entries/stochastic-momentum-index/
tlc.thinkorswim.com/center/charting/studies/studies-library/R-S/StochasticMomentumIndex.html
sierrachart.com/supportboard/attachment.php?attachmentid=4714&d=1277899234

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