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RSI goes RMI -> Relative Momentum Index
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RSI goes RMI -> Relative Momentum Index

  #1 (permalink)
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RSI goes RMI -> Relative Momentum Index

Hi !

i like to change the RSI calculation to another formular that is called RMI - Relative Momentum Index.
it is just a small change but i didnt get it yet.
any mathmatic-genius here with an ideas ?

here are infos + a link :

The Relative Momentum Index is based on a ratio of the average upward changes to the average downward changes over a given period of time. The individual changes are calculated for the given number of days. This is an extension of the Relative Strength Index, which uses a momentum period of 1 to calculate day-to-day changes.

Relative Momentum Index | Nifty Live Charts BLOG

+ a prepared indicator (its RSI) where you can do the formular-change in

thanks for input !

..

max-td
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  #3 (permalink)
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just to make it clear - i need help to get this change done here !

the attached indicator isnt the new one yet !
i attached just a renamed normal RSI.

in thisone the change coúld be done + uploaded again here in its new version !

Thank

BTW - i know this indicator from another plattform i used years ago.
if i have it working in Ninja i want to show an interesting concept with it !

max-td
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here we go : some code-infos for RMI from diff plattforms ....

http://www.tradesignalonline.com/Lexicon/Default.aspx?name=Relative+Momentum+Index+%28RMI%29

Trader-Online.pl® - MetaStock™ Zone - Relative Momentum Index (RMI)

Relative Momentum Index

VT Trader Help Manual

Download Relative Momentum Index For Amibroker

eSignal Forums - Relative Momentum Index (RMI) - Alternative

max-td

Last edited by max-td; April 28th, 2010 at 10:36 AM.
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Hi Max,

I found some Information about that Indikator in Erich Floreks Book "New Trading Dimensions" (german Edition), and just finished the programming of that RMI Indikator.

To safe ressources I upload it on Ninjatrader, and give there some furter Information about using.

RMI - The better RSI - NinjaTrader Support Forum


Regards
Trendseek

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The prize goes to Trendseek !

Thanks a bunch - gonna have a look at it + will report !

it looks like only we Florek-reader know about this RMI

max-td
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hmm - seems not to work somehow - the zip is not giving out the RSI.
please upload the .cs file into here.

i also saw its exported on NT7 ... gonna see if it works on NT6,5

max-td
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OK - got it working - thanks to Sam

so use the .cs-file for NT6.5 guys!

Thanks Trendseek again - RMI looks perfect + they way it should !

max-td
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Thanks TrendSeek & Max!

I noticed a very striking similarity of the AARMI (default settings) to BigMikes MACDZeroLagColors set at 12,17,9.

Just an observation for anyone interested in either indicator.

The upper panel is MACDZeroLagColors
The lower panel is AARMI
The background is being color by my SMI5, in case anyone was wondering how / what colored the background of the panels.

This is a screenshot from NT7.0 BTW.

After all, it's what you learn AFTER you know it all, that counts!
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RSI goes RMI -> Relative Momentum Index-aarmi-vs-macdzlcolors.jpg  
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Not surprising. Most oscillators look very similar.

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