Corrected RSX

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Corrected RSX

Postby Apprentice » Wed Dec 05, 2018 6:01 am

EURUSD m1 (12-05-2018 1001).png

Another RSX (Relative Strength Quality Index) version (smoothed RSI) with the “corrected” function represented as the continuous line. This corrected RSX line could be used as a filter of the RSX whipsaws or as a trigger when it crosses its dotted line.

RSX permits more accurate analysis, helping you avoid many trades that would have been prematurely triggered by the jagged RSI.
Corrected RSX.lua
(8.16 KiB) Downloaded 41 times

Corrected RSX with Alert.lua
(18.74 KiB) Downloaded 6 times
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Apprentice
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Re: Corrected RSX

Postby mulligan » Tue Dec 11, 2018 11:19 am

An alert would be very helpful. The alert would be based on color change of the RSX line. This would include:
neutral to up
up to neutral
neutral to down
down to neutral
The neutral function is important to take full advantage of the best trading signals. In addition to the normal alert functions of sound, arrows, dialogue box ,etc., live or end of turn would also be helpful.

Thanks very much
mulligan
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Posts: 120
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Re: Corrected RSX

Postby Apprentice » Wed Dec 12, 2018 9:52 am

Corrected RSX with Alert.lua added.
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Apprentice
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Re: Corrected RSX

Postby mulligan » Thu Dec 13, 2018 1:05 pm

Many thanks for corrected rsx with alert. A small problem. When the alert goes off, the oscillator disappears and (error) shows in the description. It also seems to happen if the period is reduced too far.
mulligan
FXCodeBase: Initiate
 
Posts: 120
Joined: Wed May 16, 2012 4:43 pm



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