Traders' Tips by Technical Analysis, Inc.
- RELATIVE MOMENTUM INDEX This is the code in EasyLanguage for relative momentum index (RMI) by
Roger Altman, from "Relative momentum index: Modifying RSI," from STOCKS & COMMODITIES,
February 1993. The RMI is a variation of the relative strength index. The relative strength index begins its
calculation using the one-day difference in price. The RMI uses a user-selected difference between closing
price periods — for example, the difference between today's price and the closing price as of five days
ago. Type this in as a user function and then plot the user function in an indicator, or use it directly in a
system for buy and sell orders.