Syntax
DataSeries RMI (DataSeries ds, int period, int smoothPeriod)
Parameter Description
| ds | A DataSeries to apply Derivative Oscillator to |
| period | Period of the indicator |
| periodSmooth | Period for smoothing |
Description
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.
Calculation
RMI = RM / (1 + RM),
where RM = Average up Momentum (over the period n) / Average Down Momentum (over the period n)
Interpretation
Being based on the
RSI, the RMI shares same strong points and weaknesses with it, as well as many interpretation methods.
Example
No example currently available.