kocurekc

Pine Script - Relative Momentum Indicator

NYSE:IBM   INTERNATIONAL BUS MACH CORP
This indicator was developed by Roger Altman and was introduced in the February 1993 issue of "Technical Analysis of Stocks & Commodities" magazine. The RSI was developed by J. Welles Wilder and is discussed in his book "New Concepts in Technical Trading".

Get the source here: http://pastebin.com/GAHfP9AD
Installation video by @ChrisMoody here : http://vimeopro.com/user14689865/trading...

After I got done coding this, I saw that https://www.tradingview.com/u/TheLark/ had already coded the same indicator. Small differences, but same indicator, just want to give credit to a line leader.
Hey man, thanks for the awesome free indicator!! Just wanted to point out to anyone using a BLACK background, you can switch to white to view the indicator properly with a black RMI line or edit the following code in the script:

plot(RMI, color=black)

and change it to color=white !

Thanks again!
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Thanks for the shout out, geez I really missed this haha! Your version is very clean
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Glad i bumped into this. Thanx for sharing, the credits, and hope you will come up and enhance existing indicators!
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