Stochastic Momentum Index
MomentumOwn panel belowA stochastic measured from the middle of the recent range instead of the low.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
The midpoint is zero and the scale runs −100 to +100, so the sign alone tells you which half of the range price is in.
Where it misleads
It is double-smoothed, so it is later than a plain stochastic.
Default settings
You can change these on the chart. These are the values it starts with.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- SMI Ergodic IndicatorA smoothed momentum line whose arithmetic is essentially TSI.
- SMI Ergodic OscillatorThe gap between the SMI Ergodic Indicator and its signal line, drawn as bars.
- Elder Ray (Bull/Bear Power)How far the bar's high and low reached away from a moving average, measured separately.
- Bull Bear PowerBull and bear power added into a single line.
- QstickWhether closes finished above opens more often than not over the recent window.
- Rank Correlation Index (RCI)How well the order of dates matches the order of prices, from −100 to +100.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.