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)
RSX of RSX - indicator MetaTrader 5 History : The original idea for this indicator comes from Mark Jurik (the original inventor of RSX - Relative Strength…
Schaff trend CCI - indicator MetaTrader 5 The original Schaff trend cycle : Schaff Trend Cycle indicator is a cyclical oscillator created by calculating the Stochastic over…
