Indicators: Schaff Trend RSX
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Schaff Trend RSX:
Schaff Trend RSI is a useful indicator, but if we follow the slope of the RSI as a signal, it might give us a bit too much signals.
The solution seems obvious: since RSX is "a smoother RSI" without a lag, in this version RSX is calculated instead of RSI. That makes the slope much smoother and produces significantly less color (slope) changes.
Author: Mladen Rakic