SMI Ergodic

The Stochastic Momentum Index (SMI) Ergodic is a leading indicator that sends buy and sell signals by predicting an upcoming reversal in the price of an asset. Trending markets are the easiest markets to make a profit in because the direction of the trend is predictable and we can place trades as long as the trend lasts.
Manufacturer: nt8indicators

The SMI Ergodic works similarly to the True Strength Index (TSI) indicator, but with added benefits such as a signal line and double smoothening. The TSI indicator is one of the most accurate oscillator indicators, which means the SMI Ergodic is equally accurate.

It is one of the few indicators that traders can use in isolation without worrying about accuracy because it’s complete – it utilizes the EMA to derive recent price data and smoothens it to increase the accuracy of the signals.