Expert Advisors • Indicators • Scripts • Libraries

MQL.RobotFX.org is the biggest collection of MetaTrader expert advisors (MT5 & MT4), indicators, scripts and libraries that can be used to improve trading results, minimize risks or simply automate trading tasks

MetaTrader 5 Indicator | 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.

MetaTrader Experts, Indicators, Scripts and Libraries

20746

Best MetaTrader Indicators + Profitable Expert Advisors