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i like to change the RSI calculation to another formular that is called RMI - Relative Momentum Index.
it is just a small change but i didnt get it yet.
any mathmatic-genius here with an ideas ?
here are infos + a link :
The Relative Momentum Index is based on a ratio of the average upward changes to the average downward changes over a given period of time. The individual changes are calculated for the given number of days. This is an extension of the Relative Strength Index, which uses a momentum period of 1 to calculate day-to-day changes.
I found some Information about that Indikator in Erich Floreks Book "New Trading Dimensions" (german Edition), and just finished the programming of that RMI Indikator.
To safe ressources I upload it on Ninjatrader, and give there some furter Information about using.
I noticed a very striking similarity of the AARMI (default settings) to BigMikes MACDZeroLagColors set at 12,17,9.
Just an observation for anyone interested in either indicator.
The upper panel is MACDZeroLagColors
The lower panel is AARMI
The background is being color by my SMI5, in case anyone was wondering how / what colored the background of the panels.
