PROTECTED SOURCE SCRIPT
DC of RSX Clone
During trending periods every trader would like to have the source of signals to close positions and re-entry if trend continues. The Donchian channel formed by "lag-free" RSI (RSX which is, basically, RSI calculated with using Jurik's Moving Average) could be such indicator. Simplest usage is to keep position while RSX sticks to the channel's bound, and close position when RSX detaches. Crossings with Oversold/overbought levels and with center line also can provide valuable signals. Don't forget to adjust parameters for your instrument and timeframe.
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Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.