Schaff Trend RSX - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
Schaff Trend RSI is a useful indicator, but if we follow the slope of the RSI as a signal, it may give us too many signals.
The solution seems obvious: since RSX is a "smoother RSI" without lag, calculate RSX instead of RSI in this version. This makes the slope smoother and produces significantly less color (slope) variation.
Attachment download
📎 schaff_trend_rsx.mq5 (15.66 KB)
Source: MQL5 #20494
Schaff Trend RSX - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Schaff Trend RSX - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •