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CronexRSI: Applying MACD to RSI Values

Article MQL5 code base
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Summary

CronexRSI is described as a MACD-style indicator that operates on RSI values instead of directly on price. Its output is displayed as a colored cloud, offering a visual way to examine changes in the momentum of the RSI series. The document identifies the indicator’s author and notes that its implementation relies on classes from a separate smoothing library that must be available in the platform’s include folder.

The description gives no calculation parameters, trading rules, chart examples beyond a figure reference, or evidence about predictive value. It is therefore a brief explanation of an indicator construction rather than a tested strategy. Users would need to inspect the implementation and assess how the RSI transformation and smoothing affect signals, then test any interpretation against suitable data and trading costs. The text does not establish that the colored cloud provides an edge.

Key ideas

  • The indicator applies MACD calculations to a series of RSI values.
  • Its output is presented as a colored cloud.
  • The implementation depends on a separate smoothing library.
  • The document supplies no parameters, trading rules, or performance evidence.

Tags

Technical indicatorsMomentum

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.