RSX Powered JMA Oscillator MT4 Download – Free – [TradingFinder]

The RSX Powered JMA Oscillator is designed by combining two concepts “RSX” and “JMA.” It is capable of displaying trend direction and overbought/oversold conditions. The “RSX” indicator is actually a smoothed and improved version of the Relative Strength Index (RSI).

On the other hand, the Jurik Moving Average (JMA), by reducing or even eliminating the inherent lag of moving averages, enables faster responses to price changes.

Specification Table of RSX Powered JMA Oscillator

The specifications of the Jurik Moving Average indicator based on RSX are as follows.

RSX Powered JMA Indicator at a Glance

The RSX Powered JMA Oscillator is used to detect overbought and oversold zones on the price chart. When the oscillator line fluctuates above the midline, it indicates a bullish trend; conversely, fluctuations below the midline indicate a bearish trend.

It is worth noting that when the line is positioned above the 70 level, it signals a strong bullish trend, while positioning below the -30 level is considered a strong bearish trend.

Bullish Trend Conditions

According to the Ethereum (ETH) cryptocurrency, chart on the 1-hour timeframe, an upward cross of the oscillator line above the midline signals the beginning of a bullish trend. Furthermore, when the oscillator fluctuates above the 70 level, it indicates a strong bullish trend.

Bearish Trend Conditions

Based on the USD/CHF chart on the 30-minute timeframe, the beginning of a bearish trend is confirmed when the oscillator line crosses below the midline. In addition, when the oscillator fluctuates below the -30 level, it indicates a strong bearish trend.

RSX Powered JMA Indicator Settings

The settings of the RSX Powered JMA Oscillator are as follows:

• RsxLength: Length or period for RSX calculation
• Price: Type of price used for calculations
• JmaLength: Length or period for JMA calculation
• JmaPhase: Phase or shift of JMA

Conclusion

The RSX Powered JMA Indicator provides smoother data with less lag, resulting in more accurate reversal signals compared to the classic “RSI.”

Moreover, traders can adjust parameters such as “RsxLength” and “JmaLength” within the settings according to their trading strategy.