Relative Momentum Index

Relative Momentum Index (RMI)
Roger Altman introduced the Relative Momentum Index as a sort of the Relative Strength Index (RSI) in Technical Analysis of Stocks & Commodities magazine of the February 1993.

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Relative Momentum Index (RMI): The RMI is a variation of the Relative Strength Index (RSI).

Relative Momentum Index (RMI): The RMI is similar to the Relative Strength Index but is improved by eliminating the oscillations between defined oversold and overbought levels through the introduction of momentum.

Relative Momentum Index (RMI)(PROFESSIONAL subscribers only): This is Roger Altman's momentum variation on Welles Wilder's Relative Strength Index, RSI. Instead of accumulating +/- price changes, RMI accumulates changes in momentum.

Rainbow Charts
Rainbow Oscillator
Rator of Change (ROC)
Relative Momentum Index (RMI)
Relative Strength Index (RSI)
Relative Vigor Index (RVI) ...

The other popular momentum indicators include the Chande Momentum Oscillator, Mass Index, Momentum Indicator (MTM), Relative Momentum Index, Stochastic Momentum Index, Trix, and Williams' %R.
Commodity Channel Index (CCI)
Commodity Channel Index ...

Relative Momentum Index
Relative Strength Index (RSI)
Smoothed Indexed Rate of Change (SIROC)
Stochastic
Stochastic RSI
Stochastic Momentum Index
Swing Index
Ultimate Oscillator
Williams %R
Williams' Accumulation-Distribution ...

The resulting RSI can then be smoothed. An RSI using a momentum period greater than 1 is sometimes referred to as the RMI (Relative Momentum Index). A momentum period of 1 would result in a classic RSI.

See also: Relative strength index, Momentum, Index, Relative strength, RSI