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Indicators

Trend Strength RSX - indicator for MetaTrader 5

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8695
Rating:
(16)
Published:
2018.05.15 13:39
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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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ADXVMA uses modified ADX calculation for adapting Moving Average calculation.

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Trend strength assessment based on Jurik smoothed RSI.

Trend Strength Average Trend Strength Average

Trend Strength Average uses some of the 4 regular types of averages for trend strength assessment.