The indicator is very similar to synthetic RSI (originally published here : Synthetic RSI ) except that this version is using RSX for calculation. Using the RSX instead of RSI makes it smoother, without adding lag and some false signals are eliminated that way
Usage :
Color change can be used as potential trend change signal
RSX of RSX - indicator MetaTrader 5 History : The original idea for this indicator comes from Mark Jurik (the original inventor of RSX - Relative Strength…
Synthetic VIX - indicator MetaTrader 5 The Synthetic VIX indicator is based on Larry Williams' TASC article "Fix the VIX": When it comes to describing what…
