lonestar108

SMI Bars

Uses SMI             ( Stochastic Momentum Index ) to set bar colors:

When SMI             above overbought, bar color is red.
When SMI             is between 0 and overbought, bar color is maroon
When SMI             is between oversold and 0, bar color is green
When SMI             is below oversold, bar color is lime.
When SMI             crosses above or below 0, bar color is orange.
Remove from Favorite Scripts Add to Favorite Scripts
//Stochastic Momentum Index
//SMI Code by UCSgears, adapted to bars by lonestar108
study("SMI Bars", shorttitle = "SMI_Bars", overlay=true)
a = input(5, "Percent K Length")
b = input(3, "Percent D Length")
ob = input(40, "Overbought")
os = input(-40, "Oversold")
// Range Calculation
ll = lowest (low, a)
hh = highest (high, a)
diff = hh - ll
rdiff = close - (hh+ll)/2
// Nested Moving Average for smoother curves
avgrel = ema(ema(rdiff,b),b)
avgdiff = ema(ema(diff,b),b)
// SMI calculations
SMI = avgdiff != 0 ? (avgrel/(avgdiff/2)*100) : 0
SMIsignal = ema(SMI,b)


barcolor(cross(SMI,0) and SMI > 0 ? orange : na)
barcolor(cross(SMI,0) and SMI < 0 ? orange : na)
barcolor(SMI > ob ? red : na)
barcolor((SMI > 0 and SMI <=ob) ? maroon : na)
barcolor((SMI <= 0 and SMI >=os) ? green : na)
barcolor(SMI < os ? lime : na)


//END
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out