Corrected RSX
Posted:
Wed Dec 05, 2018 6:01 amby Apprentice
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.
Re: Corrected RSX
Posted:
Tue Dec 11, 2018 11:19 amby mulligan
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
Re: Corrected RSX
Posted:
Wed Dec 12, 2018 9:52 amby Apprentice
Corrected RSX with Alert.lua added.
Re: Corrected RSX
Posted:
Thu Dec 13, 2018 1:05 pmby mulligan
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.
Corrected RSX.lua