I would like to share an Indikator called Relative Momentum Indikator (RMI). It is an modern improvment, based on the well known RSI - and surprisingly it is not part of NT
It is one of my first C# Code - I hope it is efficent enough. If you have some Ideas for Improvement, you are welcome!
The RMI contains two Variables: Period and Shift.
With "Shift = 1" it shows the same behavior like the RSI. While increase the shift, the RMI becomes smoother compared to the RSI.
My Reference is Erich Florik "New Trader Dimensions". He suggest Values like 3/8 or 5/12 for better Trendsignals compared to the RSI.
I just put the Indikator in the Download-Section (hope it works!)
Regards
Trendseek
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