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france
Posts: 8 since Oct 2009
Thanks Given: 0
Thanks Received: 2
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Excuse me for my short messages but I do not write very well American.
The william Blau's book is " Momentum, Direction and Divergeance .
I like the SMI and a great thank to Wizard for this indicator and I think that the tvi can be a complement useful for the SMI. The TVI is a usefuf proxy for prices for the day trader
The formula is
Dema ( upticks) - Dema ( downticks)
TVI = 100 ----------------------------------------------------
Dema ( upticks) + Dema ( downticks)
Thank for your help
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