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Views:: 5844
Rating:: (20)
Published:: 2018.09.19 22:24

RSX of RSX.mq5 (9.29 KB) view

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History :

The original idea for this indicator comes from Mark Jurik (the original inventor of RSX - Relative Strength Quality Index). His idea was to apply RSX to RSX and then to use that as a new indicator. This indicator does that : calculates RSX and then that calculated RSX uses as a new "price" for next RSX calculation

Basics :

Only two parameters are used :

RSX period
and price

No other parameter needed for this indicator

Usage :

You can use color change as signal

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Corrected RSX

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RSX of RSX - indicator for MetaTrader 5