Anyone create this in MC?
It looks at only the beginning and end of the regular session, usually 30 or 60 minutes. The thinking is that the smart money is active at the end of the session...
The calculation is:
Today's SMI reading = yesterday's SMI – opening gain or loss (after 1 hour) + last hour delta.
Here's a bit more on it:
http://www.sentimentrader.com/subscribe ... iption.htm
If someone already has this coded in EL and wouldn't mind sharing, I'd be most appreciative. Thank you. Tony