DSL RSX Indicator for MT5

 

Thread for dsl (discontinued signal line) indicators
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A lot of indicators are using signal lines in order to determine the trend (or some desired state of the indicator) easier. The idea of the signal line is easy : comparing the value to it's smoothed (slightly lagging) state, the idea of current momentum/state is made

Discontinued signal line is inheriting that simple simple idea and it is extending it : instead of having one signal line, more lines depending on the current value of the indicator. "Signal" line is calculated the following way :

• When some level is crossed in the desired direction, ema of that value is calculated for the desired signal line
• When that levels is crossed in the opposite direction, previous "signal" line value is simple "inherited" and it becomes a kind of a level

This way it becomes a combination of signal lines and levels trying to combine the good from both methods