Marvel at How the MT4 Sideways Market Indicator Works
The Sideways Market Indicator MT4 Forex is an essential tool for any serious trader. It allows you to easily identify the direction of the market, as well as giving you…
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Sideways Market Indicator (SMI) is a technical analysis tool used to identify sideways markets. It measures the magnitude and direction of price action and can be used to identify periods of trendless or non-trending price action. SMI is a momentum indicator typically used to confirm changing trends in a stock or index. It is composed of two components; a longer-term trend indicator which measures the average price movement of a security over a predetermined interval, and a shorter-term oscillator which measures the velocity of price changes. SMI is designed to identify and isolate periods of sideways movement in a security’s price and can be used to anticipate future movements in the stock’s price. By understanding the characteristics of a sideways market, investors can better equip themselves to make more profitable trading decisions.
The Sideways Market Indicator MT4 Forex is an essential tool for any serious trader. It allows you to easily identify the direction of the market, as well as giving you…