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SMI Ergodic Oscillator Color

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SMI Ergodic Oscillator Color. A variation of the True Strength Index (TSI), the SMI Ergodic Oscillator is a momentum indicator used to identify trend direction and potential reversals. It consists of a double-smoothed price momentum line and a signal line, helping traders spot buy and sell signals when the two lines cross. It is particularly useful for filtering out market noise and confirming the strength of a trend.

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