Hi Karthik,
Just a query on the SRSI Afl you had posted earlier. If i am not mistaken the code for the Ehler smoothing in the AFL is the following
(C+(2*Ref(C,-1))+(2*Ref(C,-2))+Ref(C,-3))/6
(This has been assigned to a variable 'var' & then value for var is compared to that of the previous day etc.)
Do you think the same smoothing formula can be applied to the Chande Momentum Oscillator &/or Chande's Dynamic Momentum Index (i am more interested in the latter) as both are simillar to the RSI. Out of the two, the DMI even uses the same formula as the RSI (CMO has a slightly different numerator & is unsmoothed) Only the period is made flexible (or Dynamic, as the name suggests).
Would like to know your opinion on this and anything else you might suggest.
Regards,
Kalyan.