Hi everybody

I'm looking for a general formula to understand how the RSX is calculated. I have some source code but it is very cryptic and difficult to make sense of.
I know it uses High and Low prices and some smoothing technique, but how does it all fit together?

Thank you

Thank you very much MrTools! I have the pdf, and Mladen's approach seems a bit different than what Ehlers described. I see he uses weighted moving averages to calculate the coefficient, while it seems to me in Ehlers' description the coefficient is calculated by weighted closes. Maybe I'm misunders...

Have this one from Mladen, think it might be what you are looking for. Thank you very much MrTools! I have the pdf, and Mladen's approach seems a bit different than what Ehlers described. I see he uses weighted moving averages to calculate the coefficient, while it seems to me in Ehlers' descriptio...

I'm trying to understand how Ehlers smoothed the RSI in his S&C magazine article I think in 2002(?) already. He calls it the RSI smoothing trick, and included an "EasyLanguage" script. I'm trying to code this into a simple mt4 indicator, but can't figure out what he uses to calculate t...

Hi anybody experiencing loss of feed in mt4 with FxPro?

Hi Cobus, I know that feels when you're scalper. Haha. Try Google search for ECN brokers. Different brokers will have their own favourite trading pairs. Hence, more likely to have 0 spreads there. Other sites like myfxbook (google for forex brokers volume) will show you LIVE data of where retail tr...

Hello,

I am slightly irritated with variable spreads, especially on the lower time frames where moves are small. Are there good brokers that offer very low (or 0) spreads that charge a reasonable commission?

Cobus

Adding to this, if I may: What's the best Forex spread to choose, Dynamic or Fixed? For long-term traders = Dynamic For day traders & scalpers = Fixed Why? For long-term traders who trade the higher timeframes (also known as position traders), dynamic spread is the best option because you can e...

The spread is the difference between the best available buy price and the best available sell price, you could imagine that if a big buyer steps in and buys multiple price handles all at once then that is going to leave a bigger than normal gap between the new best available buy and sell price. Aaa...

you are welcome, I could have also added that brokers may well use these times of increased volatility, and the need for longer reach to find prices, to also stretch out their own profits but presumed most could work that one out for themselves :oops: Yes that would make perfect sense. I'm too new ...