MetaTrader 5 / Indicators

Schaff Trend RSX - indicator for MetaTrader 5

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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.