INVITE-ONLY SCRIPT
Jurik RSX on JMA
This is Jurik RSX version that accepts price preliminarily filtered using the best original JMA' clone on TradingView https://www.tradingview.com/script/714vYiDe-Jurik-Moving-Average/.
As Mr. Jurik noticed:
"A smooth (low noise) trend is more efficient than a noisy trend. Given that RSX measures market trend direction and efficiency, it stands to reason that RSX would respond better (display larger dynamic range) when fed pre-smoothed price data. And there's no better way to pre-smooth than by using JMA".
And as the result: "it reverses with the market, showing almost no lag".
Jurik's RSX is a "noise free" version of RSI, with no added lag.
Reference:
As Mr. Jurik noticed:
"A smooth (low noise) trend is more efficient than a noisy trend. Given that RSX measures market trend direction and efficiency, it stands to reason that RSX would respond better (display larger dynamic range) when fed pre-smoothed price data. And there's no better way to pre-smooth than by using JMA".
And as the result: "it reverses with the market, showing almost no lag".
Jurik's RSX is a "noise free" version of RSI, with no added lag.
Reference:
- http://www.jurikres.com/freebies1/TS_rsx_updown.htm#top
- http://www.jurikres.com/freebies1/TS_RSX_on_JMA.htm#top
Invite-only script
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A list of FREE indicators:
bit.ly/2S7EPuN
A list of PAID indicators:
bit.ly/33MA81f
Earn $15:
tradingview.com/pricing/?share_your_love=everget
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