Download: RMI.ELA
File Includes:
Function - RMI
Indicator - T3
Category: Function > RMI
Description:
Inputs:
Price -
Length -
EasyLanguage Code:
INPUT:PRICE(NUMERIC),LENGTH(NUMERIC);
VARS:MU(0),MD(0),RM(0);
VALUE1 = MOMENTUM(PRICE,LENGTH);
IF CURRENTBAR = 1 THEN MU = VALUE1 ELSE
IF VALUE1 >= 0 THEN MU = MU-(MU/LENGTH) + VALUE1;
IF CURRENTBAR = 1 THEN MD = VALUE1 ELSE
IF VALUE1 <= 0 THEN MD = MD-(MD/LENGTH) + ABSVALUE(VALUE1);
RM = MU/MD;
VALUE3 = 100 * (RM/(1+RM));
RMI = VALUE3;