Volatility Ratio Adaptive RSX [Loxx] — Indicator by loxx

jurik relativestrengthindex standarddeviation rsx volatilityratio adaptive stdev standarddevation

Volatility Ratio Adaptive RSX this indicator adds volatility ratio adapting and speed value to RSX in order to make it more responsive to market condition changes at the times of high volatility, and to make it smoother in the times of low volatility

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 Jurik RSX retains all the useful features of RSI, but with one important exception: the noise is gone with no added lag.

Included:
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Open-source script

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