Kairi Relative Index Indicator for ThinkorSwim

BenTen

BenTen

Administrative
Staff
VIP
Warehouse
The Kairi Relative Index is a metric that traders use to to time their purchases of a stock, or to understand trends in the stock market.

A momentum oscillator measures the strength of the up or down movement of price instead of the actual price level. The harder and faster a tradable's price falls, the bigger the oscillator move. The same goes for an upward move. Once the price move slows down, so does the momentum oscillator.


A few resources to help you understand more about this indicator:

thinkScript Code



This is a repost from our private Warehouse forums. This post is provided to our general members who wish to purchase the indicator as a single product.
 
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diazlaz

Active member
VIP
Warehouse
beautiful and simple one of my favorites so far Ben!
 

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