The Relative Momentum Index (RMI) was developed by Roger Altman in 1993 as an attempt to improve the Relative Strength Index (RSI) by adding a component of momentum to the RSI. The Relative Momentum Index uses change of closing price between…

Stochastic is an oscillator that measures the position of a stock OR security compared with its recent trading range indicating overbought OR oversold conditions.It displays current Day price at a percentage relative to the security’s trading range (High/Low) over the…

The VHF indicator measure wether the price is going horizontal (non-directional) or vertical (uni-directional), no indicator in technical analysis has this capacity. SetBarsRequired(sbrAll,sbrAll); VHFP = Param( “VHFPERIOD”, 20, 2, 100, 1 ); HCP = HHV( C, VHFP ); LCP = LLV( C,…