fxcodebase-backup
Relative Momentum Index (RMI)
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=1387
Forum: 17 · Topic 1387 · 9 post(s)
Relative Momentum Index (RMI)
Apprentice · Mon Jun 21, 2010 1:34 am
Relative Momentum Index (RMI)
Relative Momentum Index or RMI is a momentum indicator developed by Roger Altman.
Relative momentum index is basically Relative Strength Index (RSI) .
Unlike the RSI, which we get as the difference between today and yesterday’s price, RMI is obtained as the difference between current price and price N periods ago.
If the RMI parameter Momemtum Period is set to 1 we have a standard RSI.
The indicator was revised and updated
Re: Relative Momentum Index (RMI)
lisa_baby_xx · Wed Jun 01, 2011 10:13 am
Dear Apprentice,
Can you add the following parameters to this wonderful indicator:
-Line type. -Line thickness, and most importantly: -User defineable Overbought/Oversold levels.
I find this indicator is not as jittery as the regular RSI.
Much love and Many - MANY - Thanks! XXX. lisa_baby_xx
Re: Relative Momentum Index (RMI)
Apprentice · Wed Jun 01, 2011 3:23 pm
Your request has been added to developmental cue.
Re: Relative Momentum Index (RMI)
Apprentice · Wed Jun 01, 2011 3:58 pm
Style Option Added.
Re: Relative Momentum Index (RMI)
Giantball · Tue Feb 21, 2012 6:14 pm
Hi,
Please create a bigger timeframe RMI,(bfRMI). Thank you for helping us small guys out.
Best Regards, G
Re: Relative Momentum Index (RMI)
Apprentice · Wed Feb 22, 2012 4:27 am
This type of requests / indicators is obsolete. Something like this, is possible using standard, Marketscope functionality. Simply change the Source Time Frame.
Re: Relative Momentum Index (RMI)
kalprao · Sun Nov 30, 2014 11:04 pm
Hello apprentice
can you please add an option for Line colors .
Colors of up and down trend UPUP , UPDN DNUP , DNDN
Thank you ,it will greatly appreciated
Re: Relative Momentum Index (RMI)
Apprentice · Tue Dec 02, 2014 6:48 pm
What we will defined up & down trend.
Re: Relative Momentum Index (RMI)
Apprentice · Mon Jun 26, 2017 10:15 am
The indicator was revised and updated.