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Functions > RMI

Article/Author: Origin: February 1993, Stocks & Commodities magazine

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;