Relative Momentum Index indicator

Relative Momentum Index (RMI) - is stochastic, which is used to improve the quality of reading technical indicator "Relative Strength Index» (RSI).It gives signals when the price reaches overbought or oversold. RMI uses price changes for the period(the momentum) in the calculations and this is what distinguishes it from RSI.

Also on display, you can search divergence signals, which indicate the deviation of the market, and in the case of their formation allow the trader to quickly understand when to exit the market. Similar signals of RMI are most important for decision-making, as this indicator is a very clear indicator of this kind of signals.