STOCHASTICS MOMENTUM INDEX
The spreadsheet features in sidebar Figure 1 an example of calculating the stochastics momentum index
(SMI) for a lookback period of two days (q = 2) and a double smoothing of 20 days (r = 20, s = 20) using
an exponential smoothed moving average (EMA). The first step is determine the highest high for the last
two days, which is column E. The formula for cell E21 is:
Then determine the lowest low for the last two days. This is performed in column F. The formula for F21
=MIN (C20:C21) ...