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  #16 (permalink)

Elite Member
Wiltshire, United Kingdom
Futures Experience: Beginner
Platform: Tradovate, Jigsaw Tools
Favorite Futures: US Equity Index Futures
matthew28's Avatar
Posts: 555 since Sep 2013
Thanks: 930 given, 783 received
Forum Reputation: Legendary

Wow, $349 for something that looks like an RSI indicator that you will find for free on most platforms. He says one of the best uses for the Smart Momentum Indicator is for divergence which he demonstrates. RSI can be good if used that way too. I bet if you plotted an RSI next to that indicator they probably wouldn't plot exactly the same (the highs and lows, ignoring the numerical value), but after a week of use you would have a similar percentage of times when RSI divergence to price would have produced a good buy or sell indication as you would have done with the other indicator.

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