SRMI (Stochastic RSI Momentum Index)

Indicator Description

SRMI (Stochastic RSI Momentum Index) is a momentum indicator that reflects the overbought and oversold state and trend changes in the market by calculating the stochastic value of RSI.

Function Information

• Function Name: SRMI
• Input Parameters: Open
• Parameter Settings: timeperiod (default: 13)
• Output: None

Calculation Principle

SRMI reflects the overbought and oversold state of the market by calculating the stochastic value of RSI. When the SRMI value is greater than 80, it indicates overbought; when the SRMI value is less than 20, it indicates oversold.

Application Scenarios

1. Overbought and oversold judgment
2. Trend reversal identification
3. Divergence signal analysis
4. Trading signal generation

Usage Suggestions

1. SRMI rising from the oversold area can be seen as a buy signal
2. SRMI falling from the overbought area can be seen as a sell signal
3. Use in combination with RSI
4. Pay attention to the use of divergence signals