Momentum based SMIIO Indicator

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This is a momentum based indicator set up using Anne-Marie Baiynd's settings. I have converted the "signal line" to a histogram to make it easier to read the indicator and have found it much more reliable than the standard Mac D.

You will notice your "buy" is confirmed when the indicator line passes up through the zero line and volume is passing through its moving average. The indicator triggers a "sell" when it passes the signal on down through the zero line.
More information can be found in the link below.

Thanks go out to Lazy Bear for coding this and his work in this community is much appreciated.


The cross points in this indicator is almost as same as RSI+EMA crossing and this has the divergence detector as of Ultimate Oscillator.. very amazing indicator.. looks like my search for perfectness is almost ending.. nice... surprised no comments here.. Diamonds are hard to find... I believe I found one..Thank u SIr.
pagarkhedz MONEYMENOW
@MONEYMENOW, very true. I too agree. Even klinger oscillator in addition to SMII will do wonders to your understanding of price movement. Take my word.
+1 Reply
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