RSX RSX - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
The original idea for this indicator came from Mark Jurik (the original inventor of RSX - the Relative Strength Quality Index). His idea was to apply RSX to RSX and then use it as a new indicator. What this indicator does is: it calculates RSX and then uses the calculated RSX as the new "price" for the next RSX calculation
Only two parameters are used:
This indicator requires no other parameters
You can use color changes as signals
Attachment download
📎 rsx_of_rsx.mq5 (9.29 KB)
Source: MQL5 #22404
RSX RSX - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
RSX RSX - MetaTrader 5 script | Forex 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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