Free Forex EA Stochastic Momentum Index EA for MT4

Stochastic Momentum Index EA by Jason Edward Todt Download at https://tradforex2.blogspot.com/ Stochastic Momentum Index is an adaptation of the classic Stochastic Oscillator that smoothes out the stochastic oscillations. This indicator is calculated by comparing the currency price relative to the average of an N number of periods. Then instead of plotting these values directly, We smooth them out using a MACD, Multiple Moving Averages and RSI indicators and then the values plotted to form the Stochastic Momentum Index. When the closing price is greater than the average of the range, the Powered by Firstory Hosting