1st Step for All

Science: 천문학 Astronomy; 생물학 Biology; 화학 Chemistry; 지질학 Geology; 수학 Mathematics; 물리 Physics

Engineering: 항공우주 Aerospace; 농업 Agriculture; 생물 Biological; 화학 Chemical; 토목공학 Civil; 전기공학 Electrical; 환경 Environmental; 산업 Industrial; 해양 Marine; 재료 Materials; 기계 Mechanical; 원자력 Nuclear

Architecture: 건축 Architecture

Health: 건강보건 Health

ETC: 기타 ETC

현재 위치

Smart money flow index

작성자 Uploader : big short 작성일 Upload Date: 2018-05-29변경일 Update Date: 2018-05-29조회수 View : 1889

Smart money index (SMI) or smart money flow index is a technical analysis indicator demonstrating investors′ sentiment. The index was invented and popularized by money manager Don Hays. The indicator is based on intra-day price patterns.

The main idea is that the majority of traders (emotional, news-driven) overreact at the beginning of the trading day because of the overnight news and economic data. There is also a lot of buying on market orders and short covering at the opening. Smart, experienced investors start trading closer to the end of the day having the opportunity to evaluate market performance. Therefore, the basic strategy is to bet against the morning price trend and bet with the evening price trend. The SMI may be calculated for many markets and market indices (S&P 500, DJIA, etc.)

The basic formula for SMI is:

Today′s SMI reading = yesterday′s SMI – opening gain or loss + last hour change

For example, the SMI closed yesterday at 10000. During the first 30 minutes of today′s trading, the DJIA has gained a total of 100 points. During the final hour, the DJIA has lost 80 points. So, today′s SMI is 10000 – 100 + -80 = 9820.

*** 참고문헌[References] ***

https://en.wikipedia.org/wiki/Smart_money_index

SMI = SMIy - OGL + LHC

작성자의 수식그림이 없습니다. No picture for this formula


변수명 Variable	변수값 Value	변 수 설 명 Description of the variable

※ 이 사이트는 광고수익으로 운영됩니다.

★ 로그인 후 수식작성 및 즐겨찾기에 추가할 수 있습니다.
★ To make new formula or to add this formula in your bookmark, log on please.

1st Step for All

현재 위치

Smart money flow index

코멘트