Intraday Momentum Index (IMI)

Applies the RSI recipe to candle bodies: sums the open-to-close gains of up candles and losses of down candles over an interval, expressing buying pressure as a share of total pressure. Values above 70 indicate overbought, below 30 indicate oversold.

Live Demo

Pick a market regime to see how IMI(14) reacts:

Usage

import {IMI} from 'trading-signals';
 
// IMI yields results once 14 inputs have been added
const imi = new IMI();