vStore is your one-stop-shop for VertexFX plugins and apps. vStore categorizes the plugins/apps to make it easier for both front-end and back-end users to reach what they need
RSX indicator is a VertexFX Indicator that is useful in identifying the strength of a trend. It employs smoothing and noise filtering mechanism to remove excessive noise, resulting in a smooth, bounded oscillator with minimal lag.
RSX is bounded between 0 and 100 - values below 50 imply bearishness whereas values above 50 imply bullishness. When the RSX is rising smoothly the price is in a bullish uptrend, and when the RSX is falling smoothing the price is in a bearish downtrend. When the indicator is below 30, it is considered to be extremely bearish with a likelihood of reversal. Similarly when the indicator is above 70, it is considered to be extremely bullish with a likelihood of a reversal.
Traders prefer to place a LONG trade when the RSX has started rising after have turned around from below 30. The stop-lossis typically placed below the nearest Swing Low during a LONG trade. A SHORT tradeis entered when the RSX has started falling after having risen above 70. In this case, the stop-loss is typically placed above the nearest Swing High.
RSX is calculated based on the HIGH and LOW price series over the recent LENGTH period. In the first step, the sum of the previous HIGH and LOW is subtracted is the sum of the current HIGH and LOW price series. A smoothing co-efficient of 3 / (LENGTH + 2) is applied to this difference, and this step is repeated over the recent LENGTH bars. In the next step, the Relative Strength (RS) is calculated from this series over the recent LENGTH bars, and this value is smoothed using the smoothing co-efficient. The resultant value is bounded between 0 and 100 by expressing as a percentage.
Compared to other indicators, RSX produces a smoother output thereby eliminating whipsaws and jittery trades. Additionally, by using HIGH and LOW price series instead of CLOSE, it focuses on the trading range expansion or contraction - which is indicative of trend exhaustion. When a trend nears its exhaustion, the range first narrows down, and thenexpands in the opposite direction – this is captured by the RSX immediately, and thus provides better trading opportunity than other conventional indicators.
Configurable Inputs:
LENGTH – The number of bars over which the value of the RSX indicator is calculated. The default value is 14.
Download RSX.vtl (397 views)
Ask, Share, Engage
A Trader or A Developer?
Enter the Project ZoneCCIinMA![]() Description: CCIinMA is an innovative VertexFX indicator based on Moving Average and Commodity Channel Index indicators. The Commodi ... |
Camarilla Flat & Clear![]() Description: Camarilla Flat And Clear is an innovative VertexFX client-side indicator based on the daily pivot and Camarilla levels. ... |
Simple Decycler...![]() Description: Simple Decycler Oscillator is a powerful VertexFX indicator that identifies the start and reversal of a trend. One of t ... |
VertexFX Bridge![]() Description: VertexFX Risk Management Bridge is a back end software used to connect your VertexFX system to another one for clearing an ... |
VertexFX News Trader 11![]() Description: Never miss out news trading opportunities again! VertexFX auto News Trader for VertexFX 11 is a unique trading plugin tha ... |
VertexFX Margin Call![]() Description: *We have reviewed our prices for the next two months. Take the opportunity and get our plugins in a very competative price ... |
Brain Trend Signal Alert![]() Description: Brain Trend Signal Alerts is Client Side VTL indicator that plots buy and sell signals. This follows the short-term tren ... |
PTL Perfect Trend Lines![]() Description: Perfect Trend Lines, PTL, is a short-term trend trading indicator. The lines showing the trend in this indicator are not ... |
sRSI -Sell Relative...![]() Description: sRSI (Sell Relative Strength Index) is a powerful VertexFX client-side indicator based on enhanced implementation of the ... |
Established in 2002, Hybrid Solutions provides FOREX Online Trading Platform. Hybrid Solutions has adopted the latest technologies and international standards to develop its Online Trading Platform, VertexFX.
UK: +44-2-071-936-008
Australia: +61-280-114-343
USA: +1-845-657-3272
HK: +852-8199-0933
Jordan: +962-6-552-0822
Sales Chat on WhatsApp
This website and its content are copyrights of Hybrid Solutions - © Hybrid Solutions 2002 - 2019. All rights reserved.
Disclaimer: Hybrid Solutions is the VertexFX trading platform vendor, provides technology only for the financial institutes and does not have any intervention in any financial role or in the trading cycle. Hybrid Solutions clears its responsibility from any financial institute's behavior. Choose your broker wisely and seek independent advice if necessary.
اخلاء مسؤولية: هايبرد سوليوشنز هي الشركة المزودة لبرنامج (الفيرتكس اف اكس) للتداول الالكتروني ، تزود فقط التكنولوجيا اللازمة للوسطاء ولكنها لا تتدخل بأي شكل مهما كان في عمليات التداول أو بأي دور مالي. هايبرد سوليوشنز تخلي مسؤوليتها بشكل كامل عن تصرفات الوسطاء او كل ما من شأنه أن يسبب الخسارة للمتداول ، إختر وسيطك بتأني واطلب النصيحة من المختصين بالتداول عند الحاجة.