Yes your right after a bit of research only thing I could find that made sense was that the Rmi is actually a momentum smoothed Rsi and that if you put a Rmi period 14 and momentum period 1 of close price it should be the same as a 14 period Rsi of close price and looks like the original one is exactly like Rsi with those settings and made this one the same. Guess will go with that until I find something different.chris006 wrote: Wed Dec 11, 2019 6:22 am Well, the new RMI mtf does not seem to be consistent with the plain RMI.
The first subwindow is the old mtf, the 2nd subwindow the plain RMI and the 3rd subwindow the new mtf
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Re: MT4 Multi Time Frame (MTF) Indicators
mrtools, Wed Dec 11, 2019 1:29 pm