Jurik RSX on JMA
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
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Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact everget directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
🆓 List of my FREE indicators: bit.ly/2S7EPuN
💰 List of my PREMIUM indicators: bit.ly/33MA81f
Join Bybit and get up to $6,045 in bonuses!
bybit.com/invite?ref=56ZLQ0Z