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OPEN-SOURCE SCRIPT

Relative Momentum Index

By everget
Wizard
Updated
Relative Momentum Index indicator script. This indicator was originally developed by Roger Altman (Stocks & Commodities V. 11:2 (57-60)).

RMI with momentum period of 1 will be equal to an RSI when they have the same period and source price.
Release Notes
Refactored
Release Notes
  • Refactored
altmanindexMOMMomentum Indicator (MOM)OscillatorsoverboughtoversoldrelativeRelative Momentum IndexRelative Strength Index (RSI)rmi

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

everget
Wizard
Freelance -> Telegram: @alex_everget

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