The custom indicator, Relative Momentum Index (RMI), now has an additional feature: a smoothed line. This enhancement provides a refined analysis by applying a smoothing process using the iMA (Moving Average) algorithm. The smoothed line offers a more stable view of momentum fluctuations, making it easier to identify trends and patterns in the data. This integration aims to improve the precision and clarity of RMI readings, aiding technical analysts in making more informed decisions. The smoothed interpretation can help reduce noise, allowing developers to focus on significant market movements and trends.
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