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Stochastic Momentum Index (SMI) Indicator

The Stochastic Momentum Index (SMI) indicator, created by William Blau, is very similar to the Stochastic Oscillator indicator.  This indicator calculates where the close is relative to the midpoint of the recent high/low range.  If the close is greater than the midpoint, the indicator is above zero and vice versa.

See Also

Stochastic Momentum Index (SMI) Developer Help