RSX (Relative Strength Quality Index)

Category: momentum

RSX (Relative Strength Quality Index) is an advanced oscillator that provides a smoother, lower-lag alternative to the standard RSI by using cascaded smoothing filters.

Formula

\Delta = 100 \cdot (High_t + Low_t) - 100 \cdot (High_{t-1} + Low_{t-1}) \\ \alpha = \frac{3}{Len + 2} \\ v14 = \text{CascadedEMA}(\Delta, \alpha) \\ v20 = \text{CascadedEMA}(|\Delta|, \alpha) \\ RSX = 50 \cdot \left(\frac{v14}{v20} + 1\right) \text{ clipped [0, 100]}

Inputs

• Len (default: 14)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.