Let us have function $y(x)$ and $x = \varphi(t)$. Then parametric derivative should be: $$y'_x = \dfrac{y'_t}{x'_t}.$$
The parametric derivative of the second order should be: $$y''_{xx} = (y'_x)'_x = \dfrac{(y'_x)'_t}{x'_t} = \dfrac{\left(\dfrac{y'_t}{x'_t}\right)'_t}{x'_t} = \dfrac{\dfrac{y''_{tt} \cdot x'_t - y'_t \cdot x''_{tt}}{(x'_t)^2}}{x'_t} = \dfrac{y''_{tt} \cdot x'_t - y'_t \cdot x''_{tt}}{(x'_t)^3}.$$
And the parametric derivative of the third order should be $$y'''_{xxx} = (y''_x)'_x = \dfrac{(y''_x)'_t}{x'_t} = \dfrac{\left(\dfrac{y''_{tt} \cdot x'_t - y'_t \cdot x''_{tt}}{(x'_t)^3}\right)'_t}{x'_t} = \dfrac{\dfrac{\left( y'''_{ttt} \cdot x'_t - y'_{t} \cdot x'''_{ttt} \right) \cdot (x'_t) - 3 \left( y''_{tt} \cdot x'_t - y'_t \cdot x''_{tt} \right) x''_{tt}}{(x'_t)^4}}{x'_t} = \dfrac{\left( y'''_{ttt} \cdot x'_t - y'_{t} \cdot x'''_{ttt} \right) \cdot (x'_t) - 3 \left( y''_{tt} \cdot x'_t - y'_t \cdot x''_{tt} \right) x''_{tt}}{(x'_t)^5}.$$
Is it correct?