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The Rapid RSI adaptive T3 Prefiltered indicator is a trading algorithm based on the functioning of several effective indicators. The interaction of indicators is a trading system, the calculations of which are aimed at determining the direction and strength of the current trend, which in turn allows considering the opening of certain transactions. The indicator is presented in the lower window of the price chart in the form of a histogram with a signal line. Depending on the direction of the current trend, the histogram bars change their color and location relative to the signal level 0.
The Rapid RSI adaptive T3 Prefiltered indicator is suitable for trading on any timeframe using any currency pair.
Input parameters
The input parameters of the Rapid RSI adaptive T3 Prefiltered indicator are advanced and consist of 10 points, almost each of which affects its technical work to some extent. The Colors section of the settings is used to change the color scheme and general visualization of its values. Using the Levels section, signal levels can be added to the indicator window.
- RSI period - period of the RSI indicator. The default value is 25.
- T3 Calculation period - value of T3 indicator calculation period. The default value is 15.0.
- T3 hot value - T3 indicator hot period. The default value is 0.7.
- T3 original or Tillson calculations? - parameter of the type of T3 indicator used in the calculations. The default value is true.
- Price to use - the type of price to which the indicator calculations will be applied. The default value is Close.
- Period for adapting - period for adapting the current values of the indicator. The default value is 25.
- Color Up - the color of the histogram, which is responsible for the growth in the current market. The default value is Lime.
- Color Down - the color of the indicator with the value of the market falling. The default value is Orchid.
- Color steps for drawing - step period for drawing indicator values. The default value is 20.
- Show colored line - parameter responsible for the presence of a signal line indicator in the window. The default value is true.
Indicator signals
The Rapid RSI adaptive T3 Prefiltered indicator is very easy to use due to its convenient and clear visualization. To open a certain trade using the indicator, it is enough to simply determine the direction of the current trend. To do this, take into account the color of the histogram and the signal line, as well as their location relative to the signal level 0. If the indicator determines an uptrend, long positions are opened, if the trend is down, short positions are opened. In both cases, trades are closed at the moment the current trend changes.
Signal for Buy trades:
- The histogram of the indicator has a color with a growth value and is located above level 0 with a signal line.
Upon receipt of such conditions on a candlestick formed after the signal one, a buy trade can be opened, due to the presence of an uptrend in the current market. Such a trade should be closed upon receiving the opposite conditions from the indicator, that is, at the moment the indicator direction changes. At that moment, the current trend is expected to change, which in turn will allow considering the opening of new trades.
Signal for Sell trades:
- At least three bars of the histogram have a color with a falling value and, together with the signal line, are located below the 0 level.
Upon receipt of such conditions characterizing the presence of a downtrend, a sell trade can be opened on the candle after the signal one. It should be closed when the direction of the current trend changes, at the moment when the histogram rises above the 0 level. At this moment, one should consider opening new trades.
Conclusion
The Rapid RSI adaptive T3 Prefiltered indicator is very easy to use, as its calculations are based on the use of precise trading algorithms. Although the indicator is very easy to use, practice on a demo account is recommended before trading on a real deposit.
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