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Could be RMI (Relative Momentum Index) added please? #889

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hysech opened this issue Feb 18, 2025 · 0 comments
Open

Could be RMI (Relative Momentum Index) added please? #889

hysech opened this issue Feb 18, 2025 · 0 comments
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enhancement New feature or request

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@hysech
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hysech commented Feb 18, 2025

Which version are you running? The lastest version is on Github. Pip is for major releases.

import pandas_ta as ta
print(ta.version)
``` 0.4.12b0

**Upgrade.**
```sh
$

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I have not found RMI Indicator

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Could be RMI (Relative Momentum Index) added please? See: https://www.schaeffersresearch.com/content/bgs/2016/03/07/tricks-to-trading-with-the-relative-momentum-index
RMI in my "backtesting" can in combination with RSI find local tops and bottoms in a way that I cannot find in another indicator that I have on my IBKR TWS screen available. RMI formula is in my understanding similar to formula as RSI. I would very appreciate your help if it is not too much time consuming for you. Many thanks in advance. Hynek Sechovsky, hsechovsky@gmail.com.

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https://www.schaeffersresearch.com/content/bgs/2016/03/07/tricks-to-trading-with-the-relative-momentum-index

Thanks for using Pandas TA!

@hysech hysech added the enhancement New feature or request label Feb 18, 2025
@twopirllc twopirllc removed their assignment Feb 22, 2025
@twopirllc twopirllc changed the title Could be RMI (Relative Momentum Index) added please? See: https://www.schaeffersresearch.com/content/bgs/2016/03/07/tricks-to-trading-with-the-relative-momentum-index Could be RMI (Relative Momentum Index) added please? Feb 23, 2025
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