Profitable Jurik RSX

21 lug 2019

Introduction
As you know the Jurik RSX is a "noise free" smoothed version of RSI (Relative Strength Index), with no added lag.
It was originally developed by Mark Jurik and is used the same way as RSI. To learn more about this indicator see http://www.jurikres.com/catalog1/ms_rsx.htm

The most basic and common strategy is to use the crossovers between Jurik RSX and its overbought/oversold levels as trade signals:

• when RSX crosses above 30, go Long
• when RSX crosses below 70, go Short
• exit when a crossover occurs in the opposite direction
  

What is this tool?
This tool is a performance scanner that uses a decision tree-based algorithm under the hood to find the most profitable settings for Jurik RSX. It analyzes the range of periods between 2 to 100 and backtests the Jurik RSX for each period (using the strategy mentioned above) across the entire history of an instrument. If the more profitable parameter was found, the indicator will switch its value to the found one immediately.

So, instead of manually selecting parameters just apply it to your chart and relax - the algorithm will do it for you, everywhere you want.

The algorithm can work in two modes: Basic and Early Switch. The Early Switch algorithm makes some assumptions and activates a set of optimizations to find a better setting DURING the trades, not after they were actually closed.

The difference is illustrated on the screenshot below


But two modes can show identical values depending on timeframe


Additionally you can set up a backtest window through indicator's settings (the optimizers which were published before will get this feature soon).

Alerts
It has a special alert that notifies when a more profitable period was detected.

NOTE: It does not change what has already been plotted.
NOTE 2: This is not a strategy, but an algorithmic optimizer.

22 ago 2019

Note di rilascio

• Optimization update
  

7 set 2019

Note di rilascio

• Removed the end date for analysis
  

10 ott 2019

Note di rilascio

• Added OB/OS levels optimization (OB: from 60 to 70, OS: from 30 to 40)
  

15 dic 2019

Note di rilascio

• Update
  

15 mar 2020

Note di rilascio

• Update
  

6 ago 2020

Note di rilascio

• Update
  

18 lug 2022

Note di rilascio

• Optimization update