loxx

Jurik RSX on JMA [Loxx]

Jurik RSX on JMA is identical to indicator RSI RSX , except that price data is pre-smoothed by JMA . Doing so extends the range of RSX and produces fewer micro reversals. That lends itself to advanced analysis. Output Range: -100 to +100.

What is RSX?
RSI is a very popular technical indicator, because it takes into consideration market speed, direction and trend uniformity. However, the its widely criticized drawback is its noisy (jittery) appearance. The Jurk RSX retains all the useful features of RSI , but with one important exception: the noise is gone with no added lag.

What is JMA?
Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates this problem forever and gives you the best of both worlds: low lag and smooth lines.

Ideally, you would like a filtered signal to be both smooth and lag-free. Lag causes delays in your trades, and increasing lag in your indicators typically result in lower profits. In other words, late comers get what's left on the table after the feast has already begun.

That's why investors, banks and institutions worldwide ask for the Jurik Research Moving Average ( JMA ). You may apply it just as you would any other popular moving average. However, JMA's improved timing and smoothness will astound you.

Included
-Color bars
-Customize inputs
Notes de version: Updated formula
Notes de version: Updated Juirk Volty algo and added comments so others can know how this works in code.

Script open-source

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