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Its calculation involves the following steps: Create an N-day Exponential Moving Average (EMA1) using the closing prices Create an N-day Exponential Moving Average (EMA2) using the values of EMA1 Create an N-day Ge moving average Moving Average (EMA3) using the values of EMA2 Calculate the difference between current EMA3 and previous EMA3 value in that final smoothed series Relative Momentum Index (RMI) was created by modifying the Relative Strength Indicator (RSI).

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