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Relative Momentum Index

The Relative Momentum Index (RMI) is a variation of the Relative Strength Index (RSI). While the RMI counts up and down days from today’s close relative to the close ”n-days” ago (n is not limited to 1), the RSI counts days up and down from close to close.

To apply a Typical Price Indicator

  1. From within a chart, from the Edit menu select Studies.
  2. Choose Relative Momentum Index and click Add to add the study to the Applied Studies group.
  3. Complete parameters as necessary.

Once the study is defined, you can elect to uncheck/check to remove and add the study to your chart.

Important Disclosures