StockFetcher Forums · Indicators and Measures · Relative Momentum Index (RMI)<< >>Post Follow-up
stockfetcher
963 posts
msg #96335
9/17/2010 12:35:42 PM

Relative Momentum Index (RMI)

ParametersRSI Period
Look-back Period
UsageRelative Momentum Index(10,3)
RMI(15,5)
DescriptionThe Relative Momentum Index (RMI) is the same measure as the Relative Strength Index(RSI) with the exception of an additional parameter that varies the "look-back" used by the RSI formula. The standard RSI compares the current close with the close 1 day ago. The RMI allows you to vary the number of days used to "look back".

For example, the RMI(15,5) will use the current close with the close 5 days ago in the RSI computation:

Fetcher[
Show stocks where RMI(15,5) is below 30
and close is above 5.0
and average volume(30) is above 250000
]



Additionally, the RMI(10,1) creates the same measure as the RSI(10):

Fetcher[
Show stocks where close is above 5.0
and average volume(30) is above 250000
and add column RMI(10,1)
and add column RSI(10)
]






StockFetcher Forums · Indicators and Measures · Relative Momentum Index (RMI)<< >>Post Follow-up

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