JMA RSX VertexFX Indicator

The JMA RSX indicator is based upon the Jurik Moving Average methodology of calculating the RSX. It is useful in determining cyclical market trends, especially turning points where the market changes direction. The smoothed price of the close over PERIOD is calculated over the PERIOD bars using the Jurik Moving Average method. This value is then differentiated against the value PERIOD bars ago. Finally, this difference is expressed as relative strength and multiplied by 100 to calculate the JMA RSX.
As a result, it provides an indicator which is flatter and smoother than RSI, but which responds faster to market turning points.
BUY - Enter BUY trade when the JMA RSX indicator has closed above 30 from below.
SELL - Enter SELL trade when the JMA RSX indicator has closed below 70 from above.