Watch how to download trading robots for free
Find us on Telegram!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 4919
- Rating:
- Published:
- 2018.09.19 00:19
-
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
Basics :
The indicator is very similar to synthetic RSI (originally published here : Synthetic RSI ) except that this version is using RSX for calculation. Using the RSX instead of RSI makes it smoother, without adding lag and some false signals are eliminated that way
Usage :
Color change can be used as potential trend change signal
![Cuttlers RSI adaptive EMA with floating levels](https://c.mql5.com/i/code/indicator.png)
Short description.
![Cuttlers RSI adaptive EMA ribbon](https://c.mql5.com/i/code/indicator.png)
Cuttlers RSI adaptive EMA ribbon
![RSX range expansion index](https://c.mql5.com/i/code/indicator.png)
RSX range expansion index
![RSX range expansion index - with floating levels](https://c.mql5.com/i/code/indicator.png)
RSX range expansion index - with floating levels