|9/17/2010 12:35:42 PM
|Relative Momentum Index (RMI)|
|Usage||Relative Momentum Index(10,3)
|Description||The 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:
Additionally, the RMI(10,1) creates the same measure as the RSI(10):