Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2013.08.13 20:45

Relative Momentum Index (RMI) - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

votes: 31
rmi.mq5 (4.02 KB)view


The difference from RSI is that it uses price change for a specified period (i.e. the momentum) instead of the price changes of two adjacent bars. The rest of the calculations are similar to RSI. The indicator was developed by Roger Altman and was first published in February 1993 in the Technical Analysis of Stocks & Commodities magazine.


  • RMI Period - the period of RMI.
  • Momentum Period - the period of momentum (with the value 1 the indicator is identical to RSI).

Interpretation of the signal is the same as that of the relative strength index:

  • The tops and bottoms of the indicator are a little ahead of the formation of local price maximums and minimums.
  • Graphical patterns (head and shoulders, etc.) that are not easy to recognize on price charts.
  • Divergence.


Relative Momentum Index

Translated from Russian by MetaQuotes Software Corp.
Original code:

Accelerator Oscillator (AC) Accelerator Oscillator (AC)

The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.

Average Directional Movement Index (ADX) Average Directional Movement Index (ADX)

The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.

TP-SL_Removing TP-SL_Removing

Immediately deletes the SL/TP of all positions.

Closed_TOTAL Closed_TOTAL

Total closure of all positions (winners/losers). You can also select which are of a single instrument.