RMI

Modified on 2013/01/06 07:48 by Eugene — Categorized as: Community Indicators

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.