It can have up to 64 alerts (that indicator). imagine what would happen in this case :
mladen, that red higher TF candle on the right of that screenshot, could you please share and or point me in the general direction?
Here the Link
All in all yes. RSX being a "smoother rsi" (without lag addition) that would be a good description
As of floating levels : no. They are taking into account the extremes and in that way they are very different from the Bollinger bands
Dear Mladen Is there a version of the type (histo) for this indicator.
Thank you sir .