ALTERNATIVE to RSI
How the indicator works
2nd Order Gaussian Filter: The Gaussian filter uses a bell-shaped curve to weigh the most recent price data more heavily than older data. A "second-order" filter applies this calculation twice to produce a smoother signal. As a high pass filter, it removes the lower-frequency price movements (the overall trend) to emphasize the higher-frequency, short-term movements. The result is an oscillator-like line that oscillates around a zero line.
If you're not used to RSI, you can use "2nd Order Gaussian High Pass Filter (mtf + zones).mq4" indicator.
It's as good as RSI(3).
This indicator has green bars for short-term uptrend.
And red bars for short-term downtrend.
It's also means that both indicators are the correct choice. Just the math equations are different.
Also watch the divergences.
In summary, we use RSI(3) or the equivalent to enter a trade.
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