Schaff Trend RSI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The Schaff Trend Series indicator is little known.
Although Schaff Trend Cycle is a sort of a double smoothed stochastic of a MACD, this is an RSI of the MACD. It partially reminds of a RSI of Moving Average, but the difference is significant enough to have it as a new indicator. Also, don't expect to get similar values to Schaff Trend Cycle - they are calculated completely differently and give very different results.
Attachment download
📎 schaff_trend_rsi.mq5 (15.52 KB)
Source: MQL5 #20491
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