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Published:

2018.05.15 13:39

TrendStrength rsx.mq5 (11.48 KB) view

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Trend strength assessment based on RSX.

The purpose of the "trend strength" is to try to determine when the change of some other indicator is significant enough to make it a trend. Usually the "trend strength" indicator was using smoothed RSI.

This version is using RSX. Since the RSX is a "smoother RSI" (without a lag), it makes it a very good basis to be used in the trend strength indicator calculation and produces entry points without too much false signals.

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Trend Strength RSX - indicator for MetaTrader 5