History :

The original idea for this indicator comes from Mark Jurik (the original inventor of RSX - Relative Strength Quality Index). His idea was to apply RSX to RSX and then to use that as a new indicator. This indicator does that : calculates RSX and then that calculated RSX uses as a new "price" for next RSX calculation

Basics :

Only two parameters are used :

  • RSX period
  • and price

No other parameter needed for this indicator

Usage :

You can use color change as signal