RSX Powered JMA Oscillator MT5 Download – Free – [TradingFinder]

The RSX Powered JMA Oscillator is a combination of two tools “RSX” and “JMA,” with the ability to identify trend direction and overbought/oversold levels.
The “RSX” tool is considered a smoothed version of the Relative Strength Index (RSI). In addition, the Jurik Moving Average (JMA), by reducing or eliminating the usual lag of moving averages, enables a faster reaction to price changes and market fluctuations.

Specification Table of RSX Powered JMA Oscillator

The following table displays the specifications of the Jurik Moving Average indicator based on RSX.

RSX Powered JMA Indicator at a Glance

The RSX Powered JMA Oscillator is used to identify overbought and oversold zones in price charts.
Furthermore, this tool determines whether the trend is bullish or bearish based on the oscillator line’s position relative to the midline. Specifically, when the oscillator rises above 70, it indicates a strong bullish trend, and when it falls below -30, it signals a strong bearish trend.

Bullish Trend Conditions

Based on the EUR/USD chart on the 1-hour timeframe, the upward movement of the blue line crossing the midline indicates the beginning of a bullish trend.
As shown in the figure below, when the oscillator line is positioned above the 70 level, it reflects a strong bullish trend.

Bearish Trend Conditions

According to the USD/JPY chart on the 30-minute timeframe, the movement of the oscillator line below the midline confirms the beginning of a bearish trend.
In this case, the fluctuation of the blue line below the -30 level indicates a strong bearish trend.

RSX Powered JMA Indicator Settings

The adjustable parameters 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 presents smoothed price data with less lag, providing traders with stronger reversal signals compared to the classic “RSI.”

In addition, traders can customize parameters such as “RsxLength” and “JmaLength” from the settings according to their trading strategy.