Corrected RSX

Category: momentum, trend

An advanced Relative Strength Index (RSX) that applies an additional noise reduction layer (Corrected MA) to minimize whipsaws while maintaining responsiveness.

Formula

RSX_i = 50 * (1 + (Mom_{smoothed} / AbsMom_{smoothed})) \\\\ v_1 = Variance(Price, n) \\\\ v_2 = (CorrMA_{i-1} - RSX_i)^2 \\\\ c = (v_2 < v_1) ? 0 : 1 - (v_1/v_2) \\\\ CorrectedRSX_i = CorrectedRSX_{i-1} + c \cdot (RSX_i - CorrectedRSX_{i-1})

Inputs

• inpRsiPeriod (default: 14)
• inpPrice (default: PRICE_CLOSE)

See signal primitives and every published strategy that uses Corrected RSX on WOBR StrategyVerse.