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SMI

Bullish divergence in ETHBTC 📉📈❓🔍Here we are looking at the price indexed to 100. 🟢We have a descending rising wedge, with a bullish divergence: price falling, with the SMI (Stochastic Momentum Index) of the PVT (Price Volume Trend) rising. 🔴Could price revisit the 0.5 Fibo retracement in the final breather? It could, but I think it's unlikely. In any case, I traced this possibility using the white line. 🟢Furthermore, we have other divergences, if we consider the TOTALDEFI index:
INDEX:ETHUSDLong
by andre_007
Bitcoin Price and DominanceHello traders. Sharing a Bitcoin analysis along with its dominance in the right panel. 🗓 Today (on 04/18) the price retraced to the exponential average of 21, in the 61.8% Fibonacci retracement. 💹 Continuing this bullish move, the next target by the Fibonacci projection would be at $ 31,387.00 Should there be a further correction, a possible entry point would be below the last low at $ up to $ 28,917.00, only after a confirmation of a bear trap. 🔎 Looking at the Bitcoin dominance chart on the right, we can see that the index is in an important region, testing the 200-period exponential moving average. That said, we can outline the following scenarios: 🚀 🔴 If the crypto market continues to rise, but BTC dominance drops and does not break through this resistance, it means that Bitcoin will be performing worse against altcoins; 🚀 🔵 If the crypto market continues to rise, and BTC dominance rises, breaking this average, it means that Bitcoin price will perform better than altcoins; 🐻 🔵 If the crypto market undergoes a correction, and BTC dominance rises, it means that altcoins will be falling more than Bitcoin; 🐻 🔴 If the crypto market undergoes a correction, and the dominance of BTC falls, it means that Bitcoin will be falling more than altcoins. I hope this helps.
Long
by andre_007
4
SMI MFI Indicator: A Game Changer 💰📊 SMI MFI Unwrapped: The SMI MFI (Smoothed Money Flow Index) is a technical indicator that blends the Money Flow Index (MFI) and the Stochastic Momentum Index (SMI). It provides a unique perspective on market sentiment and momentum. 🔄 Understanding Global Reversals: The SMI MFI indicator is particularly valuable for identifying major market turning points. It can signal when Bitcoin is transitioning from a bearish trend to a bullish one, or vice versa. 🌟 Key Features: What sets SMI MFI apart is its ability to smooth out noisy price data, making it more resilient to false signals. It offers a clearer picture of money flow and momentum. 🔍 How to Utilize It: Traders and investors can use the SMI MFI indicator as a tool to time their entries and exits strategically. When it shows significant divergence from Bitcoin's price movements, it may indicate a potential trend reversal. 🔮 Navigating Crypto Markets: Keep in mind that while the SMI MFI indicator can be a valuable addition to your trading toolbox, it's essential to conduct comprehensive research and risk management before making any trading decisions. In conclusion, the introduction of the SMI MFI indicator adds a new dimension to the world of crypto trading. It has the potential to become a valuable tool for spotting global market reversals in the dynamic Bitcoin landscape. Stay tuned, stay analytical, and remember – in the crypto world, being ahead of the curve can be a game-changer! 🌐💰
INDEX:BTCUSD
by AlexWhale
SMI Ergodic Indicator: Interpretation in Technical AnalysisThe Stochastic Momentum Index (SMI) Ergodic indicator is a lesser-known tool. Still, it’s favoured by trend traders. In this article, we will uncover the mechanics of this indicator, its unique formula, and how traders can use it to trade trends and spot reversals. What Is the SMI Ergodic Indicator? The SMI Ergodic indicator, or Stochastic Momentum Index Ergodic, is a momentum oscillator that gauges the distance of a security's closing price relative to the range of its price movements. Unlike the traditional stochastic oscillator, which measures price velocity, the SMI provides a clearer, more precise picture of market trends by incorporating the concept of 'ergodicity'. The ergodicity concept implies that the average of a time series over time and the average over the ensemble of all possible time series are identical. It provides a clear perspective of market behaviour by removing noise, thereby enhancing a trader's ability to identify market trends. What Is the SMI Ergodic Indicator and Oscillator Formula? The SMI Ergodic consists of three distinct components, each calculated using a different formula. SMI Line This key component is calculated as follows: SMI = (PCDS / APCDS) * 100 Here, PCDS refers to Price Close Double Smoothed, and APCDS stands for Absolute Price Close Double Smoothed. Both these values are calculated based on Exponential Moving Average (EMA) periods. Histogram Oscillator Calculated as the difference between the True Strength Index (TSI) and the Exponential Moving Average (EMA) of the TSI: Histogram = TSI - (EMA * TSI) Signal Line Simply the Exponential Moving Average (EMA) of the TSI: Signal Line = EMA * TSI The default setting for the SMI line is typically 20 periods, while the Signal and EMA are usually set to 5. The result is an indicator similar in appearance to the MACD. Don’t worry about performing these calculations yourself. In FXOpen’s free TickTrader platform, you will find the SMI Ergodic indicator and dozens of other trading tools waiting for you. How to Use the SMI Ergodic Indicator In stocks, commodities, crypto*, and forex, the SMI Ergodic oscillator offers traders several practical applications. It's particularly useful for identifying the underlying trend in a market. An upward-trending SMI line typically signals bullish market conditions, whereas a downward-trending line suggests bearish market conditions. In addition to identifying market trends, the SMI Ergodic serves as a strong tool to spot potential entry and exit points. When the SMI line crosses above the signal line, it is generally considered a bullish signal, indicating a good entry point. On the contrary, when it crosses below the signal line, it is often seen as a bearish signal, suggesting a potential exit point or a short-selling opportunity. Beyond trend identification and spotting entry and exit points, the SMI Ergodic indicator also helps traders understand market momentum. If the SMI line is above 0, it points to positive momentum, signalling upward price movement. Conversely, if it falls below 0, it indicates negative momentum, suggesting downward price movement. Lastly, the histogram oscillator can serve as a confirmation tool. If the histogram bars are above 0 and growing in size, this confirms a strong upward momentum. Conversely, if the histogram bars are below 0 and growing in size, this confirms a strong downward momentum. The Bottom Line In summary, the SMI Ergodic offers traders a multi-dimensional view of the market. By helping to identify market trends, entry and exit points, and market momentum, it has a solid position in any trader's arsenal. Still, it may provide incorrect signals or be misunderstood due to the subjectivity of its interpretation. While it may be one of the more complex trading tools out there, don’t let that stop you. You can practise your SMI skills in our free TickTrader platform, and when you are ready, open an FXOpen account. Once you do, you’ll be able to put your SMI strategy to the test across 600+ markets and benefit from ultra-fast execution speeds and competitive trading costs. Happy trading! *At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules, respectively. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
3
my scripsi have made or altered the showing scrips. TDI on top with minor and major shark fin alerts EMA cross and altered mid line cross alert. mid has two verry modified scrips First is Two BB 200 and 30 EMA or SMA with alerts and channels and KC channel pull backs crosses and exits for varying uses and William's vix fix highlights and 5 ema's engulfing candle with rsi filter and super trend some are not show or turned off but are available Second is SMC intraday and swing trading liquidly zone FVG MTF Daily weekly and monthly high and lows and support and resistance and trend lines breaks and alerts Bottom is stochastic momentum lots of level alerts and cross alerts and high lights if you want any of this pack just IM and ask i can also extract any part and make a isolated script version for you also have a MTF KJD and PSAR Oscillator
by phelpscorey85
Coinbase comes in at $30 🐻❓🐂 On both the weekly and daily charts, the Stochastic Momentum Index (SMI) oscillator is in an interesting buy region. 📈 Daily chart: On the daily chart, there was a 🐻🔫 bear trap signal. I think a possible target is at $41.89. In this troubled region marked in the yellow rectangle, there will be a window of opportunity for 📉 shorts, with a target of $30. ⚡Volatility contraction 📈 Weekly chart: 📈 Daily chart: The 21-period normalized ATR indicator on both the daily and weekly charts is showing a contraction in volatility. Touching the 21 average with the possible breakout could signal a strong move, independent of direction.
NASDAQ:COINLong
by andre_007
LSK (LISK) lateralizingLSK has a very ugly long-term chart. On the daily, it looks like it's in a "Shoulder-Head-Shoulder" pattern, however the Stochastic, RSI and ADX indicators indicate a sideways move with a possible rally. If the BTC rises it can only follow later. However, now is not the best time to position yourself on altcoins. I would particularly be left out. The risk return would be approximately 1 to 1, which should be reflected if it is really worth it. "Not to act is also to act. Sometimes the best thing is to do nothing."
BINANCE:LSKUSD
by andre_007
Is it time for EU stocks to outperform US stocks again?Over the last years there were periods when US stocks outperform EU stocks and periods were EU stocks outperformed US stocks. Almost like a perfect oscillation. Currently EU stocks have been consolidating for quite some time and especially German stock, so maybe all stocks do well and EU ones do better. The secular trend when adjusted for EURUSD rates too, is still down for EU up for US, but in the short term EU ones look better. I should just say EU ones, because Swiss stocks also look fantastic. They've been actually doing very very well and they look a bit like the DAX. Since 2000 DAX is up 100% vs EUR and 145% vs USD. SMI is up 45% vs CHF and 155% vs USD. So to me there are two scenarios here as I don't think there is much downside. These stocks are somewhat undervalued both against themselves and against the US stock market, plus the ECB is really printing money and rates are super low which makes the stock market much more attractive than anything else.
FX:GER30Long
by BitcoinMacro
Meyer Burger Rejection, 1 CHF or a 40% retrace?!MBTN recently rejected a few levels. Yearly horizontal, 0.236 Fib and the "local" monthly combined were acting as a huge resistance. Combined with the massive run since March 2020 Crash, a retrace made sense and is healthy. A retrace to 0.25 Chf would make sense, that's where I initially entered the trade and also bought Call Options. Although it would make sense technically, a 40% retrace seems unlikely to me in the current environment with green energy, MBTN's new business plan and ambitions. If I was looking for an entry into MBTN, I'd observe the latest resistance I lined out above. Once claimed, it can see a healthy run up to 0.66 (Key-Resistance/Support) and up to 1 Chf which is the Golden Pocket pulled from the last high. The trend remains bullish, no need to think otherwise until proven wrong.
SIX:MBTNLong
by CrossLevMaster
1