V. 11:11 (480-480): Traders' Tips by Technical Analysis, Inc.

V. 11:11 (480-480): Traders' Tips by Technical Analysis, Inc.
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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.

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