Forex Technical Indicator-RMI

in #blog7 years ago

rmi_graph.jpg
Image sources: instaforex.

It is introduced by Roger Altman. The main purpose of this indicator is to improve the data provided by classical RSI indicator with an extra color option.

It almost works as Classical RSI indicator, in addition when the price oversold or overbought, it alerts with color changing option.

Ref: instaforex

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