The TrueStrengthSqueeze (RTX) Indicator combines the True Strength Index with the Squeeze Indicator. The True Strength Index attemps to show both trend direction and overbought or oversold conditions using double-smoothing of momentum relative to double-smoothing of the absolute value of momentum. The Squeeze Indicator identies when the Bollinger Bands are within the Keltner Channel. Both Bollinger Bands and Keltner Channels center about a moving average of the close with the Bollinger Bands using a multiple of standard deviations and the Keltner Channels using a multiple of Average True
The RTX C++ SDK has been improved for Version 12.6. One of the improvements will require minor source code changes when you upgrade to Version 12.6 of Investor/RT and build with the latest irtsdk.h SDK. The CPEN data type in Version 12.5 RTX is a C structure containing a pen color, pen width and pen style setting. In 12.6, CPEN is now a C++ class with a proper constructor and methods for working with CPEN instances. Version 12.5 declarations of CPEN looked like this:
This video demonstrates the next evolution in the Paint Indicator (RTX) with the ability to paint bands between any two indicators. These bands can be painted with up to six different colors based on six different conditions.
The Divergence RTX indicator quantifies divergence with a numerical value between two data series using various methods. Each data series may consistent of either price data, cumulative delta filtered, filtered cumulative delta, or any other indicator available in Investor/RT. In measuring divergence, we seek to identify strength in one data series relative to another data series at any given time. The indicator provides a variety of methods for computing divergence: Retracement, Percent Change, High to High, and Low to Low.
This video on RTX Development discusses two important features available to RTX Developers: The ability to access the results of any built-in IRT indicators, as well as the ability to draw array results using any of the many drawing styles available to most built-in indicators. This video shows how to very easily calculate the results of any built-in indicator within your calc function as well as how to send variable parameters into those calculations.