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
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