RMI ‣ MetaTrader Trading Robots

Relative Momentum Index (RMI) – indicator MetaTrader 5

The difference from RSI is that it uses price change for a specified period (i.e. the momentum) instead of the price changes of two adjacent bars. The rest of the calculations are similar to RSI. The indicator was developed by Roger Altman and was first published in February 1993 in the Technical Analysis of Stocks

RMI – indicator MetaTrader 5

Indicator RMI (Running Median Indicator) is a moving average with the “Running Median” filtering algorithm. It has two configurable parameters: Period – calculation period; Applied price – price used for calculations. Calculations: RMI = VAR(Index) where: VAR – the values of Applied price in ascending order within Period. Index = floor(Length/2.0+0.5) If round(Period/2) * 2

MA on RMI – indicator MetaTrader 5

indicator A smoothed line has been added to the custom indicator ‘ Relative Momentum Index (RMI) ‘. Smoothing is done using iMA: Rice. 1. MA on RMI MA on RMI – indicator MetaTrader 5