Relative Momentum Index
The Relative Momentum Index (RMI) is a variation of the Relative Strength Index (RSI). While the RMI counts up and down days from today’s close relative to the close ”n-days” ago (n is not limited to 1), the RSI counts days up and down from close to close.
To apply a Typical Price Indicator
- From within a chart, from the Edit menu select Studies.
- Choose Relative Momentum Index and click Add to add the study to the Applied Studies group.
- Complete parameters as necessary.
Once the study is defined, you can elect to uncheck/check to remove and add the study to your chart.
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