Sep 6, 2024
Creator: Definedge Default period: 14 There are three lines plotted below the chart in the RDX indicator. 1 – The green line is RMI+ 2 – The
RDX Indicator: Revolutionizing Trend Analysis with Advanced Market Metrics
The RDX Indicator is a volatility-based tool that combines Relative Strength Index (RSI) and Average True Range (ATR) to gauge market strength and potential reversal points. It adjusts RSI readings based on ATR, providing a clearer view of overbought/oversold conditions.