RMI – indicator for MetaTrader 5

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category:MT5 INDICATORS

Indicator RMI (Running Median Indicator) is a moving average with the "Running Median" filtering algorithm.

It has two configurable parameters:

  • Period - calculation period;
  • Applied price - price used for calculations.

Calculations:

RMI = VAR(Index)

where:

  • VAR - the values of Applied price in ascending order within Period.
Index = floor(Length/2.0+0.5)

If round(Period/2) * 2 = Period:

Length = Period + 1

Otherwise:

Length = Period

RMI - indicator for MetaTrader 5

Comment

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