RSX (Relative Strength Quality Index) that does not use “pure” price for calculation but uses adaptive lookback average filtered price for calculation
Of price filtering for rsx :
The advantage of using the filtered (smoothed) price is that some of the false signals are filtered out at the source itself (by averaging the price) and it the is omitted (the false signal) in the RSX calculation too. Also, since the average is adaptive it implicitly makes the RSX adaptive too
Some experimenting with parameters is advised, but the usage of this RSX is the usual : either use the slope or some significant levels crossing for signals
RSX of RSX - indicator MetaTrader 5 History : The original idea for this indicator comes from Mark Jurik (the original inventor of RSX - Relative Strength…
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