RMI Trend Sniper: Combining Momentum Signals with a Range-Weighted Average
Summary
The RMI Trend Sniper combines a custom RSI calculation with the Money Flow Index, averages those readings, and uses momentum thresholds plus the slope of a short moving average to classify bullish and bearish states. It plots a range-weighted moving average with bands, colors candles by state, and marks transitions with arrows. The listed defaults include a 14-period momentum calculation and separate positive and negative thresholds.
The document provides indicator logic and platform code, but no backtest, performance results, or comparison with other methods. Its signals are presented as possible trend entries and as confirmation alongside other analysis. The material does not define exit rules, position sizing, or how to select parameters across markets and timeframes, so the indicator alone does not establish a complete trading system or demonstrate predictive accuracy.
Key ideas
- The indicator averages a custom RSI reading and the Money Flow Index to estimate buying and selling pressure.
- Bullish and bearish states depend on momentum thresholds and the direction of a short moving average.
- A bar-range-weighted average and adaptive bands visualize the classified trend state.
- Arrows mark transitions into bullish or bearish states, but the document provides no exit or risk rules.
- No empirical performance evidence is provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.