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DataSeries RMI (DataSeries ds, int period, int smoothPeriod)

Parameter Description

dsA DataSeries to apply Derivative Oscillator to
periodPeriod of the indicator
periodSmoothPeriod for smoothing


Relative Momentum Index (RMI) was created by Roger Altman as a variation of the Relative Strength Index (RSI). The RMI counts up and down days from the close relative to a close n bars ago.


RMI = RM / (1 + RM),
where RM = Average up Momentum (over the period n) / Average Down Momentum (over the period n)


Being based on the RSI, the RMI shares same strong points and weaknesses with it, as well as many interpretation methods.


No example currently available.

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