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Relative Momentum Index RMI
Posted By: TradersLog
Roger Altman introduced the Relative Momentum Index in 1993. The RMI is derived from the Relative Strength Index (RSI). While RSI counts up and down days from close to close, the Relative Momentum Index counts up and down days from the close relative to a close x number of days ago.
Chart courtesy of Prophet Financial Systems (www.prophet.net)
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