LazyBear

JMA RSX Clone [LazyBear]

RSX is a "noise free" version of RSI , with no added lag. This is a port of a clone to Pine.

Use this indicator just like RSI . I have set the default length to 14, feel free to experiment. You can reduce length with out worrying about jaggedness.

Options page has all the configurable parameters. You can use the plot names to setup alerts.

I have couple of more indicators built using this, will post them later. Let me know what you think about this indicator.

RSX Clone compared to normal RSI:

Smoothness helps a lot in identifying the divergences correctly:

More info:
http://www.jurikres.com/down__/product_g...

List of my public indicators: http://bit.ly/1LQaPK8
List of my app-store indicators: http://blog.tradingview.com/?p=970
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//
// @author LazyBear 
// 
// List of my public indicators: http://bit.ly/1LQaPK8 
// List of my app-store indicators: http://blog.tradingview.com/?p=970 
//
//
study(title="JMA RSX Clone [LazyBear]", shorttitle="RSXC_LB", overlay=false)
src=input(close)
length=input(14)
lvlob = input(70, title="OB Level")
lvlos = input(30, title="OS Level")
mid  = input(50, title="Mid Level")
clampmax = 100
clampmin = 0
f90_ = (nz(f90_[1]) == 0.0) ? 1.0 : (nz(f88[1]) <= nz(f90_[1])) ? nz(f88[1])+1 : nz(f90_[1])+1
f88 = (nz(f90_[1]) == 0.0) and (length-1 >= 5) ? length-1.0 : 5.0 
f8 =  100.0*(src) 
f18 = 3.0 / (length + 2.0) 
f20 = 1.0 - f18 
f10 = nz(f8[1])
v8 = f8 - f10 
f28 = f20 * nz(f28[1]) + f18 * v8 
f30 = f18 * f28 + f20 * nz(f30[1])
vC = f28 * 1.5 - f30 * 0.5 
f38 = f20 * nz(f38[1]) + f18 * vC 
f40 = f18 * f38 + f20 * nz(f40[1])
v10 = f38 * 1.5 - f40 * 0.5 
f48 = f20 * nz(f48[1]) + f18 * v10 
f50 = f18 * f48 + f20 * nz(f50[1])
v14 = f48 * 1.5 - f50 * 0.5 
f58 = f20 * nz(f58[1]) + f18 * abs(v8) 
f60 = f18 * f58 + f20 * nz(f60[1])
v18 = f58 * 1.5 - f60 * 0.5
f68 = f20 * nz(f68[1]) + f18 * v18 
f70 = f18 * f68 + f20 * nz(f70[1])
v1C = f68 * 1.5 - f70 * 0.5 
f78 = f20 * nz(f78[1]) + f18 * v1C 
f80 = f18 * f78 + f20 * nz(f80[1])
v20 = f78 * 1.5 - f80 * 0.5
f0 = ((f88 >= f90_) and (f8 != f10)) ? 1.0  : 0.0
f90 = ((f88 == f90_) and (f0 == 0.0))  ? 0.0  : f90_
v4_ = ((f88 < f90) and (v20 > 0.0000000001)) ? (v14 / v20 + 1.0) * 50.0 : 50.0
rsx = (v4_ > 100.0) ? 100.0 : (v4_ < 0.0) ? 0.0 : v4_
hline(lvlob, color=red, title="OB Level"), hline(mid,linewidth=2, title="Mid Level"), hline(lvlos, color=green, title="OS Level"), 
plot(rsx, color=red, linewidth=2, title="RSXC")
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

Comments

Pardon my ignorance of pinescript, but what are the values f90_ mean ? are they 90th element (from end) of the price array ?
+8 Reply
Hi Lazybear,
From the script what are the variables f99_, f88, f20. Why do you use these series of variables (f8,f10,f18,f20,f28...). I tried to output the variable for f99_ but returned an unassigned variable.
Regards,
praveen
+3 Reply
Hello, I am interested in LB_RSRL but cant find anything similar in your list of indicators. Would PM code, please? Thanks
+1 Reply
LazyBear DanielKovacik
Hi Daniel,

RSI S/R level is part of one of my appstore packages. More info: https://www.tradingview.com/market/lb-srlevels/

Feel free to ping me if you need more info.
Reply
Hello! Is there a script for this indicator for TSLab?
Reply
do you have the code compatible with multicharts?
Reply
how does this compare to the original jma rsx?
Reply
i'm sorry, I'm new to this. But how do i install the indicator?
Reply
Awesome, this is my favorite rsi indicator now
Reply
I like it LB.
Reply
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