BullBearXinsights Simple SMI [Phil Vo]
Simple SMI [Phil Vo]
A straightforward Stochastic Momentum Index displayed in a separate panel, with an EMA signal line and adjustable overbought and oversold levels.
The indicator measures the closing price’s distance from the midpoint of the recent high–low range. Both that distance and the range are smoothed twice using EMAs to calculate the SMI.
Reading the indicator:
• Aqua line: SMI.
• Orange line: EMA signal line.
• Above zero: price is positioned toward the upper half of the smoothed range.
• Below zero: price is positioned toward the lower half.
• Above +40 or below −40: potential overbought or oversold conditions.
An SMI curling upward from below −40 can help identify recovering momentum. A downward turn above +40 can indicate weakening momentum. Crosses with the signal line provide another way to track momentum changes.
Default settings:
• Range length: 10 bars.
• Double EMA smoothing: 3 bars.
• Signal EMA length: 3 bars.
• Overbought/oversold levels: +40 and −40.
The indicator follows the chart timeframe. Use a 5-minute chart to study 5-minute momentum, or adjust the timeframe and settings to suit the analysis.
This script uses the standard SMI calculation without additional entry filters. It does not generate buy or sell signals. Read momentum alongside price structure, support, resistance, and volume.
Values update during the open candle and can change before it closes. Overbought and oversold readings alone do not confirm a reversal.
A straightforward Stochastic Momentum Index displayed in a separate panel, with an EMA signal line and adjustable overbought and oversold levels.
The indicator measures the closing price’s distance from the midpoint of the recent high–low range. Both that distance and the range are smoothed twice using EMAs to calculate the SMI.
Reading the indicator:
• Aqua line: SMI.
• Orange line: EMA signal line.
• Above zero: price is positioned toward the upper half of the smoothed range.
• Below zero: price is positioned toward the lower half.
• Above +40 or below −40: potential overbought or oversold conditions.
An SMI curling upward from below −40 can help identify recovering momentum. A downward turn above +40 can indicate weakening momentum. Crosses with the signal line provide another way to track momentum changes.
Default settings:
• Range length: 10 bars.
• Double EMA smoothing: 3 bars.
• Signal EMA length: 3 bars.
• Overbought/oversold levels: +40 and −40.
The indicator follows the chart timeframe. Use a 5-minute chart to study 5-minute momentum, or adjust the timeframe and settings to suit the analysis.
This script uses the standard SMI calculation without additional entry filters. It does not generate buy or sell signals. Read momentum alongside price structure, support, resistance, and volume.
Values update during the open candle and can change before it closes. Overbought and oversold readings alone do not confirm a reversal.
Built for traders who want clarity, not noise.
bullbearxinsights.app
bullbearxinsights.app
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
Built for traders who want clarity, not noise.
bullbearxinsights.app
bullbearxinsights.app
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。