Indicators: Trend Strength RSX

 

Trend Strength RSX:

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.

Author: Mladen Rakic

 
could y make one for MT4 please?
 
truongkiem:
could y make one for MT4 please?

I will never understand the cry for mt4. Do you use windows 95 as well?