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Relative Momentum Index

Last post 06-21-2005, 8:07 by patoche. 2 replies.
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  •  06-16-2005, 7:44 3294

    Relative Momentum Index

    Hello,
    I search the formulae of the indicator of Roger Altman "The Relative Momentum Index".
    Thank you for help. :roll:
  •  06-16-2005, 9:32 3297 in reply to 3294

    Re: Relative Momentum Index

    A very quick Google

    http://www.google.com.au/search?num=50&hl=en&newwindow=1&biw=1152&q=%2B%22Relative+Momentum+Index%22+%2Bmetastock&btnG=Search&meta=lr%3Dlang_en

    found:

    {from Darryl Guppy's site}
    {http://www.guppytraders.com/Metastock%20Formulas/metastock%20formula%2017.htm}
    {from Ton Maas}
    Custom Relative Momentum Index (RMI) Indicator for MetaStock
    Q:=Input("RSI Time Periods",1,1000,14);
    M:=Input("Momentum Time Periods",1,1000,5);
    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))));
    Mom:=Bval-Ref(Bval,-M);
    Z:=Wilders(If(ROC(Mom,1,$)>0,ROC(Mom,1,$),0),LastValue(Q));
    Y:=Wilders(If(ROC(Mom,1,$)<0,Abs(ROC(Mom,1,$)),0),LastValue(Q));
    RMS:=Z/Y;
    RMIcust:=100-(100/(1+RMS));
    Mov(RMIcust,M,S)


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  •  06-21-2005, 8:07 3520 in reply to 3294

    Relative Momentum Index

    Thank you for your help

    Pat :lol:
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