OPEN-SOURCE SCRIPT
Stochastic Momentum Index
This is an implementation of the Stochastic Momentum Index from William Blau's his article in Stocks & Commodities.
This also allows the use of various different kinds of moving averages for the signal line. Options for this argument are:
This also allows the use of various different kinds of moving averages for the signal line. Options for this argument are:
- sma (simple moving average)
- ema (exponential moving average)
- wma (weighted moving average)
- trima (triangular moving average)
- zlema (zero-lag exponential moving average)
- dema (double exponential moving average)
- tema (triple exponential moving average)
- hma (hull moving average)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.