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SMI2 Indicator
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Created: by keepdchange Attachments:11

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SMI2 Indicator

  #11 (permalink)
Elite Member
Rechovot
 
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Wizard.
Thanks, this is more or less my interpretation. I have found a very interesting correlation between the use of Bollenger Bands and the SMI4. If you put the normal Bollenger Band on a chart, you will see that when a TREND move takes place, the upper or lower Bollenger Band will curve heavily (depending on direction) and this correlates to the crossing of the SMI4 zero line. An excelent entry point.
Your new colur coding is very interesting, so I am really waiting to see it.

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  #12 (permalink)
Market Wizard
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perryg View Post
Wizard.
Thanks, this is more or less my interpretation. I have found a very interesting correlation between the use of Bollenger Bands and the SMI4. If you put the normal Bollenger Band on a chart, you will see that when a TREND move takes place, the upper or lower Bollenger Band will curve heavily (depending on direction) and this correlates to the crossing of the SMI4 zero line. An excelent entry point.
Your new colur coding is very interesting, so I am really waiting to see it.

Thanks, Perry! I put a Bollinger on my chart tonight, just to confirm what you were saying. I see that now. I had Bollinger there awhile back, but then took it off. Now that you've pointed that out, I think I'll leave it up there for a few days to see how it can enhance my SMI signals. Thanks again!

After all, it's what you learn AFTER you know it all, that counts!
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  #13 (permalink)
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perryg View Post
Wizard.
Thanks, this is more or less my interpretation. I have found a very interesting correlation between the use of Bollenger Bands and the SMI4. If you put the normal Bollenger Band on a chart, you will see that when a TREND move takes place, the upper or lower Bollenger Band will curve heavily (depending on direction) and this correlates to the crossing of the SMI4 zero line. An excelent entry point.
Your new colur coding is very interesting, so I am really waiting to see it.





hello perryg
it would be possible to give us the template of your chart?

thank you

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  #14 (permalink)
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Attached is the template

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Register to download File Type: xml Perry-04-03-10.xml (40.4 KB, 83 views)
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  #15 (permalink)
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Wizard,

In conjunction with the above, I am looking for the Bollinger Indicator called "BandWidth". This measures the Squeeze. The forluma is: (Upper BB - Lower BB)/ Middle BB
I have not found this indicator anywhere. I beleive that this could enhance Entry points

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  #16 (permalink)
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Wizard,

Is it possible to add another alert text row that shows the crossover of the 20 mark and -20 mark. I am finding these areas are very good for breakout trends.

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  #17 (permalink)
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perryg View Post
Wizard,

Is it possible to add another alert text row that shows the crossover of the 20 mark and -20 mark. I am finding these areas are very good for breakout trends.

Perry,

Sure. I'm willing to give it a try. What would you like the alert to be?

After all, it's what you learn AFTER you know it all, that counts!
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  #18 (permalink)
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Wizard,

As far as I can see, if the SIGNAL LINE crosses over +20 we have an UPTREND, and if SIGNAL LINE crosses below -20 we have a DOWNTREND.
When this occurs, have a line or coloured box stating Uptrend or Downtrend.

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  #19 (permalink)
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perryg View Post
Wizard,

As far as I can see, if the SIGNAL LINE crosses over +20 we have an UPTREND, and if SIGNAL LINE crosses below -20 we have a DOWNTREND.
When this occurs, have a line or coloured box stating Uptrend or Downtrend.

Perry,

Sorry, don't mean to be an idiot, just want to understand clearly. When you say 'signal line', you mean the "line" (SMIEMA, gold line in the SMI5?) and not the "dots" ? ? Just want to understand exactly what it is before I start modifying the code. Thanks!

After all, it's what you learn AFTER you know it all, that counts!
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  #20 (permalink)
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they are - 20 and + 20 line.

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