Theory:
The RSX is essentially a more refined version of the RSI. Think of it as a smoother RSI that doesn’t compromise on responsiveness. This innovative indicator incorporates a volatility ratio, allowing it to adapt effectively to changing market conditions. During periods of high volatility, it reacts quickly, while maintaining its smoothness when the market calms down.
Usage:
You can use the RSX just like you would the standard RSI. Whether you're identifying entry and exit points or gauging market momentum, the RSX provides an enhanced view of market dynamics.
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