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Smart Money Index

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Syntax

public SmartMoneyIndex(Bars bars, string description)
public static SmartMoneyIndex Series(Bars bars)

Parameter Description

BarsA Bars object

Description

The Smart money index is a sibling to the Last Hour indicator.

The formula is: Today's SMI reading = yesterday's SMI – opening gain or loss + last hour change

The opening gain is defined as the first half-hour difference (i.e. 10:00am Close minus 9:30am Open), and is hardcoded.

Interpretation

See the Wikipedia article on Smart money index.

Example

No example currently available.

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Used under license from FMR Corp. Copyright 2008 FMR Corp. All rights reserved.


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