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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Relative Momentum Index (RMI) for Amibroker (AFL)
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/* Relative Momentum Index */
/* AFL code by Prakash Shenoi */
Length=Param("Length?",2,3,20,1);//default =14 or 20
mom=Param("Momentum?",2,3,11,1);//default = 4 or 5
xRMI = RMI(Length,mom);
Plot(xRMI, " Relative Momentum Index ("+WriteVal(Length,1.0)+")", 34+4,1 +
styleThick);
Plot(70,"",colorDarkGrey,styleDashed|styleNoLabel);//OS
Plot(30,"",colorDarkGrey,styleDashed|styleNoLabel);//OB
Buy = Cross( xRMI, 30 );
Sell = Cross( 70, xRMI );
PlotShapes( shapeUpArrow * Buy + shapeDownArrow * Sell, IIf( Buy, colorGreen,
colorRed ) );
GraphXSpace=5;
/*Buy and Sell Conditions*/
Buy = Ref(xRMI,-1)<40 AND xRMI > Ref(xRMI,-1);
Sell = Ref(xRMI,-1)>70 AND xRMI < Ref(xRMI,-1);
Buy = ExRem(Buy,Sell);
Sell = ExRem(Sell,Buy);
/*End Buy and Sell Conditions*/