This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
Trading items are of different types. There are data downloaders, trading indicators, trading systems, watchlists, composites/indices...
You can use this item and hundreds of others for free by downloading QuantShare.
Top Reasons Why You Should Use QuantShare:
Works with US and international markets (stock, forex, options, futures, ETF...)
Offers you the tools that will help you become a profitable trader
Allows you to implement any trading ideas
Exchange items and ideas with other QuantShare users
Our support team is very responsive and will answer any of your questions
We will implement any features you suggest
Very low price and much more features than the majority of other trading software
The Stock Market Momentum Indicator is a proprietary stock market indicator created by the Commodity Research Bureau (crb). It is mainly used to determine the general direction of the market. Based on S&P 500 stock prices, this indicator analyzes some stocks and calculates the ratio of the percentage of those who are trading above their 50-day simple moving average.
According to crb, the Stock Market Momentum Indicator should be smoothed with two moving averages (10-day and 25-day). The basic interpretation consists of the following: The market is in a downtrend when the 25-day moving average turns down and crosses above the 10-day moving average. There are a couple of things you can do to filter out some false signals that may be generated by the latter rule. For example, you can remove signals that occur while the 25-day moving average of the stock market momentum indicator is far from 0 or 100. Other methods include using oversold/overbought indicators or divergence patterns.
More information can be found here:
http://www.crbtrader.com/crbindex/smmi.asp
This indicator is created in QuantShare by downloading its data from crb website. The data spans from 1992 to the present and it is associated with the following ticker symbol: ^SMMI
Note that the Stock Market Momentum data is available in Excel format and thus you must have Excel installed on your computer in order to use this downloader.
