smi ergodic indicator for MetaTrader4 (MT4) – free download
In this section you can download smi ergodic indicator for MetaTrader4 (mt4):
smi ergodic indicator -> up to speed:
- SMI Ergodic Indicator is used to predict an upcoming reversal in the price of a currency
- SMI means Stochastic Momentum Index
- This indicator oscillates around a zero line and continues generating signals based on the crossover
- It is used for buy/sell signals and overbought/oversold conditions on the price chart in technical analysis
- By using the true strength index, SMI Ergodic indicator increases the efficiency of buy/sell signals
- The indicator consists of two lines: TSI line and Signal line
- TSI line uses true strength index formula and signal line uses exponential moving average
- TSI represents the strength of an asset or a currency and exponential moving average is used to identifythe average price value based on historic values