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RSX on RSX
The power of using low-lag, ultra smooth indicators is that you can safely experiment with feeding one indicator to another without signal degradation. Here is one such example... The "RSX on RSX" indicator feeds the output of RSX on price to another RSX and plots a blended combination of this and a single RSX. Standard RSX analyzes trend directional strength, but RSX-on-RSX analyzes trend acceleration. This synchronizes RSX with rapid market reversals, typically found in a tight trading range. The chart shows the S&P500 and the RSX-on-RSX oscillator. To this chart we added a simple strategy designed to enter LONG when the color changes to cyan and SHORT when it changes to brown. |
The trading strategy shown
above is NOT included with the Jurik Technical Indicator Toolset.
This was shown for demonstration purposes only.
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