Thursday, October 15, 2009

RMI stands for relative momentum indicator

asr: Invivo tools used by K . see K ATR posts ... and details below
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http://ww.istockanalyst.com/article/viewarticle/articleid/2510023

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We offer two studies: InVivo.RMI PaintBar and InVivo.RMI Histogram. RMI stands for relative momentum indicator. These two studies are applied to DAILY CHARTS ONLY.

Price bars are colored based on information contained in the histogram according to these rules:

1. Green = RELATIVE OUTPERFORMANCE = Histogram > 0 AND Histogram > Threshold Line
2. Red = RELATIVE UNDERPERFORMANCE = Histogram < 0 AND Histogram < Threshold Line
3. Yellow = POTENTIAL CHANGE OF TREND = all other combinations

InVivo.Stops are engineered to reflect actual volatility and range, providing users with a real edge over other so-called volatility-based indicators or bands. Stops can be used in two ways:

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