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This gives me compile errors in OEC:

 

Because those HH/LL are "drawing" objects.
Read through the thread... I think someone using OEC got it working.

 

Tums;
Thank you and again Thank you for speedy reply
harsh

 

Tums;
Can u convert DeMark Indicator values in to Price format

so that it will look like Donchian channel on price chart?
harsh

 

They are different animals.
One is an oscillator, the other is a price envelope.

 

You need the function for the pivots for it to compile.

I was able to compile the code, but it still did not work..

Check out this thread:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=143585

 

Tums;
I have seen convertion for CCI, known as "CCI Prdict". which is a price enevelope. You can view code at;
http://trader.online.pl/ELZ/t-i-CCIPredict.
Thanks harsh

 

THis is a bit beyond me.
I am on a trip right now. I will take a look at it when I return.

 

Stochastic Momentum Index (SMI)
William Blau


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2280559>

code in next post

 

smi.indicator.eld.zip

Right click to download code in ELD format:
http://www.elitetrader.com/vb/attachment.php?s=&postid=1640652
188


or copy and paste the code into your editor.


SMI Function

Code:

[color=blue]
{Type : Function, Name : SMI}

input:
length1(NumericSimple),
length2(NumericSimple),
length3(NumericSimple);

var:
HH(0),
LL(0);

HH = Highest(H,length1);
LL = Lowest (L,length1);

SMI = 100 * (XAverage(XAverage(C-(0.5*(HH+LL)),length2),length3) /
(0.5 * XAverage(XAverage(HH-LL,length2),length3)));
[/color]

SMI Indicator once you got the function

Code:

[color=blue]
{Type : Indicator, Name : SMI}

Input:Length1(13),Length2(25),Length3(2),AlertLevel(40),
UpColor(green), DwnColor(magenta);

Value1 = SMI(length1,length2,length3);
plot1( Value1, "SMI" );
plot2( AlertLevel, "Sell line" );
plot3(-AlertLevel, "Buy line" );
plot4(0, "Zero");

if plot1 crosses above -AlertLevel then
alert("SMI crosses above buy line");

if plot1 crosses below AlertLevel then
alert("SMI crosses below sell line");

If value1>value1[1] then begin
plot1[1](value1[1],"SMI",upcolor);
plot1(value1,"SMI",upcolor);
end else begin
plot1[1](value1[1],"SMI",dwncolor);
plot1(value1,"SMI",dwncolor);
end;
[/color]

20090131 NEW
click here for SMI in line format
http://www.elitetrader.com/vb/showthread.php?s=&postid=2284919#post2284919