The Stochastic of RSX indicator for Metatrader 5 is an overbought & oversold technical oscillator composed of the Stochastic and RSX indicator.
RSX is a smoother type of RSI that doesn’t add any lag to the price.
The indicator delivers the best trading results when traded in agreement with the overall market trend.
Spotting overbought and oversold market conditions with this indicator is easy:
- An overbought market condition occurs when the Stochastic of RSX indicator crosses back above the 90 level.
- An oversold market condition occurs when the Stochastic of RSX indicator falls back below the 10 level.
The indicator includes several inputs and parameters, such as Stochastic period, slowing period, price to use, RSX period, color up, color down, and more.
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stochastic-of_rsx.mq5 Indicator (MT5)
Trading Chart Example EURUSD H1
The picture below illustrates what the Stochastic of RSX indicator looks like when applied to the MT5 chart.
How To Buy And Sell Currency Pairs Using The Stochastic of RSX Indicator?
Buy Signal
- Buy market condition: the pair should be clearly in an uptrend.
- A buy signal is generated when the Stochastic of RSX indicator crosses back above 10 from below.
- Add a stop loss below the most recent swing low level.
- Close the buy transaction for a predetermined profit target that suits your preference.
- Alternatively, await a sell signal to close the buy trade.
Sell Signal
- Sell market condition: the pair should be clearly in a downtrend.
- A sell signal is generated when the Stochastic of RSX indicator crosses back below 90 from above.
- Add a stop loss above the most recent swing high level.
- Close the sell transaction for a predetermined profit target that suits your preference.
- Alternatively, await a buy signal to close the sell trade.
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stochastic-of_rsx.mq5 Indicator (MT5)
Momentum + Trend-Following MT5 Strategy Using Stochastic of RSX and Volty Channel Stop
This trading setup combines the filtered momentum signals of the Stochastic of RSX Indicator with the dynamic trend-tracking ability of the Volty Channel Stop Indicator.
The goal is to enter only when the trend direction is confirmed and momentum supports the move, minimizing whipsaws and maximizing edge.
Strategy Overview
- Stochastic of RSX: Smoothed stochastic oscillator that filters out noise and provides early momentum signals.
- Volty Channel Stop: Acts as both a trend direction tool and trailing stop mechanism, adjusting with volatility.
Best Timeframes and Pairs
- Timeframes: M15, H1
- Pairs: EUR/USD, GBP/USD, USD/JPY, Gold, NASDAQ (CFD)
Buy Trade Setup
- Wait for the Volty Channel Stop to flip below the price, indicating an uptrend.
- Confirm that the Stochastic of RSX crosses above the 20 or 50 level from below (momentum shift).
- Enter a long position after the confirmation candle closes above the Volty Channel line.
- Set your stop loss just below the Volty Channel Stop line or previous swing low.
- Take profit at the next resistance or by trailing above each Volty Channel level as the trend continues.
Sell Trade Setup
- Ensure the Volty Channel Stop flips above the price, indicating a downtrend.
- Check that the Stochastic of RSX crosses below the 80 or 50 level from above (momentum weakening).
- Enter short after the price closes below the Volty Channel Stop line.
- Place a stop loss just above the Volty Channel or previous swing high.
- Exit at support zones or use a trailing stop just above the Volty Channel Stop level.
Trading Tips
- Use this strategy in trending markets for the best results.
- Avoid ranging conditions—check higher timeframe trend alignment for confirmation.
- For scalping, use tighter SL/TP and favor lower timeframes (M5, M15).
🔗 Download Volty Channel Stop Indicator
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the stochastic-of_rsx.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
