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Relative MM

Relative Maximums & Minimums is a modified RSI. It features two lines showing relative Highs and Lows for a selected period. The levels of 30 and 70 are displayed.

The indicator is useful for defining reversal points (when the lines are crossing) or trend power dynamics (the lines moving away from each other point at trend's strengthening, otherwise - weakening).


Input

  • RMMPeriod - number of bars used as a period for relative Highs and Lows calculation (2-20).
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Version 1.1 - 2017.02.02
Changed the calculation of intraperiod High and Low values.