The RMI indicator is based on the RSI indicator. Besides, the indicator compares closing values of following candles with a past candle (distance x candle period). The higher the selected period is, the smoother indicator values become.
The indicator view in the chart.
It is necessary to open the Indicator settings window for adding and setting this indicator.
Period - setting of indicator calculation period.
SMA Period - period of the indicator smoothing value.
Source - setting of the indicator calculation parameters:
Panel/Moving average period - selection of the indicator location in the chart:
- New panel
Show value - display of the indicator value on the price scale on the left.
Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.
Colour - colour setting of the indicator.
Visual type - visual setting of the indicator display in the chart:
- Up arrow
- Down arrow
- Axis label
Line style - setting of the line display style:
- Dash - dot
- Dash - dot - dot
Width - setting of the indicator line width.
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