JJRSX - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This is a "standard" relative strength index (RSI) indicator with super linear smoothing instead of ordinary smoothing.
The indicator uses the CJurX class of the SmoothAlgorithms.mqh library. The use of this class is described in the article "Average price series for intermediate calculations without using additional buffers" .
The generated indicator is smoothed using the CJJMA class in the same file. All standard elements of technical analysis can be applied to this indicator.
Attachment download
📎 jjrsx.mq5 (7.55 KB)
📎 smoothalgorithms.mqh (133.8 KB)
Source: MQL5 #426
JJRSX - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
JJRSX - 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.
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