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 author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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