Mtf Smi Indicator Mt4

Read our tutorial on installing indicators below if you are not sure how to add this indicator into your trading platform.
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One of my favorite ways to use mtf analysis is with the tdi indicator and the floating indicator s mtf function. Try smi metatrader indicator in your mt4 platform. The smi mt4 indicator was developed by william blau in 1993 and it s the smoother version of the popular stochastic indicator.
Based on this information traders can assume further price movement and adjust their strategy accordingly. If the traditional indicator uses the current close against the periods high and lows the smi indicator evaluates the current close against the midpoint of the high and low range. This is also known as smi indicator.