Stochastic momentum index parameter for 5 min chart or 3 min chart

General
1

Dear team,

I came to know that Stochastic Momentum Indicator is a better and redefined version of Stochastic Oscillator. Therefore I just wanted to know any good parameter for SMI to trade in a 5 min chart or preferably in 3 min chart.

I know it depends upon every individual’s trading style that which parameter suits them but I just want to which parameter will be good for 3 min timeframe. as the timeframes which I got from internet are not working like oscillators.

One extra question. I want to get Moving average of RSI but the faster moving average data should be sourced by “Previous Indicator Data” like it’s available in “MT4” how can I get this option in “Pi” ??? or how to get Pi data in MT4 for trading ?

2

Recommended Parameters for Stochastic Momentum Index is
%K Periods: 14
%K Smoothing: 2
%K Double Periods: 3
%D Periods: 9
MA Type: SIMPLE
%D MA Type: SIMPLE

and you can not plot the moving average of RSI values and also indicators data or values can not be exported from pi, you can export chart data of OHLC values as of now in excel.

1 Like
3

Could you please explain what is the theory behind %K smoothing and %K double periods?

4

Could you explain what is the theory behind %K smoothing and %K double smoothing ?