RSX Pro Oscillator Indicator MT4 – Adaptive Smoothed RSX

The RSX Pro Oscillator Indicator MT4 is a refined version of the classic Relative Strength Index (RSI) that applies advanced RSX smoothing to minimize noise and enhance signal precision.
This version introduces adaptive smoothing, overbought/oversold alerts, and arrow plotting, helping traders time market reversals and trends with exceptional accuracy.

Key Features

1. Adaptive Smoothing Engine
   • Smooths RSI data using a recursive filter for faster yet more stable responses.
   • Reduces lag common in traditional oscillators.
2. Dynamic Overbought/Oversold Zones
   • Levels are set by default at 80 (overbought) and 20 (oversold).
   • Alerts you when price exits or enters these regions.
3. Trend and Slope Detection
   • Detects the direction of RSX slope to identify potential trend shifts.
   • Provides early warnings of bullish or bearish momentum changes.
4. Visual Arrow Signals
   • Displays up and down arrows when entering or exiting OB/OS zones.
   • Separate color and code customization for each arrow event.
5. Comprehensive Alert System
   • Supports alerts by message, sound, notification, or email.
   • Optional sound file: alert2.wav.
   • Prevents duplicate alerts within the same bar.
6. Integrated Resource Button
   • Adds a clickable chart button that links to external trading tools or resources.
7. Lightweight Performance
   • Efficient multi-buffer structure ensures smooth operation even on heavy data.

How RSX Pro Oscillator Works

This indicator measures momentum strength and trend exhaustion using a modified RSX algorithm.

1. Core Calculation:
   The RSX value is derived from the selected price type (PRICE_TYPICAL by default) and smoothed adaptively to filter random noise.
2. Slope & Trend Logic:
   • Slope > 0: RSX rising → bullish pressure
   • Slope < 0: RSX falling → bearish pressure
3. Overbought/Oversold Logic:
   • RSX > 80 → Overbought (SELL zone)
   • RSX < 20 → Oversold (BUY zone)
   • Zone exits trigger opposite directional signals with visual arrows.
4. Arrow Plotting:
   • Blue Arrow: Entering overbought/oversold zone.
   • Red Arrow: Exiting zone (potential reversal).
   • Arrow gap and size adjustable (arrowsDisplaceUp, arrowsDisplaceDn).
5. Alert Triggers:
   • Slope change or zone crossing events trigger alerts.
   • Real-time or closed-bar alert mode configurable (alertsOnCurrent).

Default Settings

Benefits of RSX Pro Oscillator

✅ Detects reversals earlier than RSI
✅ Filters noise with adaptive smoothing
✅ Configurable alerts and visual markers
✅ Clear OB/OS visualization for scalpers and swing traders
✅ Low resource usage for smooth MT4 operation

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Installation Guide

1. Download RSX_Pro_Oscillator.ex4.
2. Open MT4 → File → Open Data Folder → MQL4 → Indicators.
3. Paste the file and restart MetaTrader 4.
4. Attach it to your desired chart and configure input parameters.

Best Trading Tips

• Combine with Moving Averages or Price Action for trend confirmation.
• Look for divergences between price and RSX for early reversal hints.
• Avoid false signals during low volatility by increasing Length.
• Use on H1 or H4 for more reliable swing entries.

FAQ

Q1: What is the difference between RSI and RSX?
RSX uses a smoother calculation, reducing false spikes and lag while keeping sensitivity to momentum.

Q2: Does the RSX Pro repaint?
No. It uses confirmed bar data for plotting; once a candle closes, signals remain fixed.

Q3: Can I use it for scalping?
Yes, but lower timeframes may require adjusting Length to 5 or 6 for responsiveness.

Q4: How do I change alert sounds?
Replace alert2.wav with your own .wav file in the sounds folder and update the soundFile input.

Q5: Is it compatible with all brokers and assets?
Yes, it works with any MT4 instrument — forex, commodities, indices, or crypto.