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Chase,
Here's another RMI indicator. While it more closely resembles the
Metastock formula it is not quite the same. The differences are very
small and are do to the method of smoothing.
Preston
{RMI}
Pds:=Input("Time Periods",1,333,20);
M:=Input("Momentum",1,333,5);
B:=Input("Field:1=Close,2=Open,3=High,4=Low, 5=Volume",1,5,1);
Bval:=If(B=1,C,If(B=2,O,If(B=3,H,If(B=4,L,V))));
SMO:=Mov(Bval,M+1,WEIGHTED);
MOM:=ROC(SMO,1,$);
Z:=Wilders(If(MOM>0,MOM,0),Pds);
Y:=Wilders(If(MOM<0,Abs(MOM),0),Pds);
RM:=Z/Y;
100-(100/(1+RM))
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "gator1trader"
<chasecarney@xxx
> .> wrote:
> > Does anyone know the formula for the RMI? I know the "RMI
(C,34,5)"
> > that is standard with MS, I would like to get insided the formula
> and
> > tweak it just a little.
> >
> > Thanks in advance,
> > Chase
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