RDX

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 blue line is RDX
3. The red line is RMI-

The RDX indicator developed by Definedge is a combination of RSI and ADX indicators.

The RMI+ line is bullish. It indicates a bullish trend when it is rising.

RMI- represents a bearish trend. A falling indicator indicates a bearish trend.

The RDX line indicates the strength of the trend. As it rises, it indicates that the trend in place is becoming more pronounced.

When the RMI+ line is above the RMI- line and the RDX line is rising, it indicates a strong uptrend.

It indicates a strong downward trend when the RMI- line is above the RMI+ line and the RDX line is rising.

Click here to know more about this indicator.

The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.

This indicator is also available in the System Builder on RZone & TradePoint for all charting methods. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

The indicator is applicable to all types of charting. It is calculated based on the number of columns on P&F charts, bricks on Renko charts, lines on Line-break charts, candles on Heikin-Ashi charts, and lines on Kagi charts. While the formula and reading of the indicators remain the same, they become more dynamic on these charts.