Zeiierman Trading developed the Relative Trend Index (RTI) which is a technical analysis tool that accurately identifies the direction and strength of market trends. It stands out from conventional indicators by its ability to swiftly and effectively respond to market volatility while minimizing the impact of short-term fluctuations. The RTI merges trend-following and mean-reverting qualities, and its user-friendly approach to trend strength makes it a valuable and distinctive indicator that is highly responsive to price action.
Relative Trend Index.lua- (8.6 KiB) Downloaded 495 times
MT4 version.
https://fxcodebase.com/code/viewtopic.php?f=38&t=74207
