Blau Stochastic Momentum Index as a Histogram and Signal Cloud

Summary

The document describes BlauSMI, an implementation of the stochastic momentum indicator associated with William Blau’s work on momentum, direction, and divergence. It presents the indicator visually as a color-coded histogram accompanied by a colored cloud that serves as its signal line.

The source notes that the implementation relies on smoothing classes from a separate library and was originally written in MQL4 before being published in a code collection. It does not explain the indicator’s calculation, parameter choices, signal interpretation, or trading rules, and it supplies no performance evidence. The description is therefore useful as a brief identification of the indicator’s components, but not as a standalone guide to applying or evaluating it.

Key ideas

• BlauSMI implements a stochastic momentum indicator associated with William Blau.
• Its display combines a colored histogram with a cloud representing the signal line.
• The implementation depends on external smoothing-library classes.
• The document gives no formula, trading rules, parameter guidance, or evidence of performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.