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.
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…
