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Feb 25, 2018 7:58 PM

CMYK VRMI 

KRAKEN:ETHEUR60
Ethereum / EuroKraken

Description

⋅
◊ Introduction
This script indicates the relative movement of price x volume.


◊ Origin
Based on 'The Relative Momentum Index' by Roger Altman : February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
While RSI counts up and down days from close to close, the Relative Momentum Index counts up and down days from the close relative to a close x number of days ago.
This results in an RSI that is smoother. The input has been changed to the change of a smoothed close multiplied by a smoothed volume.
The polarity of VRMI indicates bearish/bullish movement.

◊ Adjustments
CMYK color theme applied.

◊ Usage
VRMI indicates the force the market moves with.

◊ Future Prospects
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Relative Strength Index (RSI)Trend AnalysisVolumevrmirmichangecmykmvpmcBullish PatternsBearish Patterns
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