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The Rapid RSI Adaptive T3 pre filtered indicator is a small trading system that includes several indicators, one of which is considered the main one, and the second is used as an additional one, while the indicator’s calculations also work based on the use of a filter. The indicator is used in trading for determining the presence of a trend, its strength and direction, which in turn allows determining the moment of opening a trade. The indicator is presented in the lower window of the price chart as a solid line, which under certain market conditions changes its color and direction. Taking into account the values of the indicator line, the current trend is determined, and at the same time the moment of opening the transaction.
The Rapid RSI Adaptive T3 pre filtered indicator is suitable for trading any currency pairs, on any timeframe.
Input parameters
The settings of the Rapid RSI Adaptive T3 pre filtered indicator consist of several sections, each of which is responsible for its general functioning. The Input parameters section is responsible for its technical work, the Colors section is used to change visualization parameters, and the Levels section is used to add signal levels to the indicator window.
-Rsi period - calculation period of the Rsi indicator. The default value is 25.
-T3 Calculation period - T3 indicator calculation period. The default value is 15.0.
-T3 hot value - T3 indicator smoothing period. The default value is 0.7.
-T3 original Tilson calculation? - parameter of the T3 indicator use type. By default, it is set to true.
-Price to use - the type of price to which the indicator calculations are applied. The default value is Close
-Period for adapting - period for using adaptation of indicator calculations. The default value is 25.
-Color down - the color responsible for the fall. The default value is Orchid.
-Color Up - line color parameter with growth value. Default value is Lime.
-Color steps for drawing - drawing color parameter. The default value is 20.
Indicator signals
To open a certain trade using the Rapid RSI Adaptive T3 pre filtered indicator, it should be determined the presence of a trend. To do this, it should be taken into account the direction and color of its line. If the indicator detects an upward trend, buy trades are opened, if the trend is downward, sell trades.After trend changing, in both cases, trades are closed. At the same time, it should be borne in mind that at the moment of the absence of a trend, that is, with a neutral color of the indicator line, trades are not opened at all.
Signal for Buy trades:
- The indicator line is directed upwards and has a color with the growth value.
Upon receipt of such conditions on a signal candle, it should be opened a buy trade due to the presence of an uptrend. When it changes, namely when it is received reverse conditions from the indicator, it should be closed the current trade and consider opening new ones.
Signal for Sell trades:
- The indicator line is directed from top to bottom and is colored with the fall value.
A sell trade, due to the presence of a downtrend, can be opened immediately upon receipt of such conditions on a signal candle. If the color and direction of the line change, the trade should be closed. At this moment, a trend change is possible, which in turn will allow considering opening new trades.
Conclusion
The Rapid RSI Adaptive T3 pre filtered indicator is a very powerful trading system, as it is based on indicators whose effectiveness has been proven by time. To improve the accuracy of signals, the indicator is recommended to be used with additional filters, advisers and indicators.
