RSX of Momentum (MT4)

RSX of Momentum applies RSX (a low‑noise RSI variant) to Momentum, producing a responsive, smooth oscillator that highlights impulse shifts, trend bias and exhaustion in MetaTrader 4.

What it shows

• RSX‑smoothed momentum line with stable slope/levels.
• Zero line for bull/bear regime and optional OB/OS bands for extremes.
• (Optional) arrows/alerts — zero‑line flips, slope changes, level exits and divergence hints.

Trade ideas

1. Flip → first pullback: after a zero‑line cross up, buy the first shallow pullback while RSX‑Momentum holds above zero (mirror for shorts).
2. Trend‑aligned entries: when slope > 0, use higher‑low hooks on the oscillator as continuation triggers.
3. Range fades: when flat, fade outer‑band spikes back toward zero/midline.
4. (Optional) Divergence filter: skip entries if price HH/LL is not confirmed by RSX‑Momentum.

Inputs that matter

• RSX length — smoothing vs responsiveness.
• Momentum period — raw impulse window.
• Price type/smoothing — noise vs lag.
• Levels — OB/OS and zero reference.
• Alerts — flips, slope, exits.
• Colors/widths — quick visual read.

Suggested usage

• M5–M15: flips and pullbacks.
• M30–H4: swing continuations; flip → pullback → resume.
• Daily+: regime/bias map.

Installation (MT4)

1. Open MetaTrader 4 → File → Open Data Folder.
2. Copy rsx_of_momentum.ex4 to MQL4/Indicators.
3. Restart MT4 (or refresh Navigator) and attach RSX of Momentum.
4. Tweak inputs → OK.

FAQ

Does it repaint? No on closed bars.
Use in EAs? Yes, via iCustom.
Markets? FX, indices, metals, crypto — anything on MT4.

Disclaimer: Test on a demo account first; risk management is essential.