Smart Money Index

Modified on 2018/10/31 07:10 by Eugene — Categorized as: Community Indicators

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.