Indicators: Schaff TCD RSX
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Schaff TCD RSX:
As a logical step to filter out more the possible false signals, this variation of Schaff TCD RSI is using RSX (which is a smoother RSI than the "regular" RSI) to produce a smoother result.
The extremes (0 and 100) are reached faster for this variation of the indicator - when compared to the "regular" version. That is a result of how RSX is calculated. That might help in quick assessment of possible short term trend reversal(s)
Author: Mladen Rakic