SMI Corrected Momentum Indicator Based on Blau’s Method

Summary

This brief description identifies SMI_Correct as a variation of the Stochastic Momentum Index, drawing on William Blau’s work on momentum, direction, and divergence. It attributes the indicator to an author and notes that the implementation uses reusable smoothing classes from an MQL5 library. The description points readers to supporting material on averaging price series, but does not include the indicator’s formula or explain its signal interpretation.

The page says the indicator was originally written in MQL4 and first published in 2008. It offers no chart-based analysis, trading rules, comparative testing, or performance results, so it is not enough on its own to assess whether this variant improves on other SMI implementations. Researchers would need to inspect the code and validate its calculations and behavior on their own data before using it in a strategy.

Key ideas

• SMI_Correct is presented as a variation of the Stochastic Momentum Index based on Blau’s work.
• The indicator implementation relies on shared smoothing algorithm classes.
• The description gives historical and implementation context but omits the formula and signal rules.
• No testing or performance evidence is provided, so the indicator’s usefulness requires independent evaluation.

Tags

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