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The Relative Momentum Index is an oscillator which is constructed as the ratio of average upward price changes to the average absolute price change.. The length of time over which to measure the price change is specified by the user as is the averaging period. The Relative Strength Index is equivalent to a one period RMI (upward and downward price changes are determined by comparing the close today to the close 1 period ago). Increasing RMI values indicate that the price is on an uptrend. Decreasing RMI values indicate that the price is on a downtrend.
The Relative Momentum Index requires two parameters: the number of periods to use for the determination of price changes and the number of periods over to average these changes.
