SMI Correct Indicator
A useful oscillator available to the PTMC benchmark, which is good for finding trend amplification and its exhaust. It is carried out by simple concept presented in the book written by William Blau “Momentum, Direction, and Divergence”. Slope and divergence between two smoothing lines are a significant improvement of previous advanced momentum indicator interpretations. For better smoothing and adaptiveness SMI Correct is boosted by extra smoothing algorithms such as JJMA, JurX, ParMA, T3, VIDYA. Excel your trading with adding this tool to your terminal and enjoy the profit.
Based on Nikolay Kositsin’s mql5 interpretation, input smoothing parameter varies in the meaning depending on algorithm:
- JMA has smoothing parameter gap -100/+100
- T3 smoothing parameter is multiplied by 100 for better visualization
- Smoothing parameter for VIDYA is CMO period
- Smoothing parameter for AMA is a slow EMA period