I am using Stochastic Momentum Indicator. But getting different values that what is in the charts by Kite. The difference is not negligible to be ignored. Tried the formula for historical intra-day chart for 1m. The signals are totally different than what I see in the charts. This distorts my strategy totally.
Can someone from Zerodha confirm the formula I am giving below? The formula I am using is this.
cm = close - (highesthigh + lowestlow) / 2 cm = EMA(EMA(cm))
hl = highesthigh - lowestlow hl = EMA(EMA(hl))
SMI = 100 * (cm / (hl/2)) Signal = EMA(SMI)
The period I am using for EMA is 3. The multiplication factor I am using for EMA is 2. The D period and K period I am using are 10.
@sujith Thanks for your response. I am not looking for a strategy or a solution which is my work.
kite.zerodha.com is displaying indicator in the charts using some formula for calculation. I am using a formula for calculation. If the formulas are the same, the results should be the same. But it is not. That's why I am asking for which formula is used. I gave the formula I used.
I emphasize again that I am not looking for a strategy (for e.g., how to use an indicator - it is my work). I simply want to know the formula used for an indicator.
Kite Connect is purely an execution platform. We don't provide support or solutions for any kind of strategy.
Thanks for your response. I am not looking for a strategy or a solution which is my work.
kite.zerodha.com is displaying indicator in the charts using some formula for calculation. I am using a formula for calculation. If the formulas are the same, the results should be the same. But it is not. That's why I am asking for which formula is used. I gave the formula I used.
I emphasize again that I am not looking for a strategy (for e.g., how to use an indicator - it is my work). I simply want to know the formula used for an indicator.