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Relative Momentum Index

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.
Versionshinweise: Refactored
Versionshinweise:
  • Refactored

Open-source Skript

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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