T3 RSI- Vertex Fx indicator

[NCDindia]

The T3 RSI is a vertex FX indicator which is based on the RSI indicator, and is calculated using the T3 smoothing methodology. The smoothing attempts to reduce the lag and provide the trading trigger.

This indicator is made up of two components, the RSI (white) which is the standard RSI calculated using the RSI_PERIOD. The second component is the T3 RSI (red), which is calculated by smoothing the RSI using the T3 smoothing method using the T3_PERIOD and T3_CURVATURE as the smoothing constant. Both these indicators are plotted together, and the T3 RSI (red) provides as the signal trigger to the standard RSI.

BUY - Enter BUY trade when the RSI (white) closes above the T3 RSI (red) from below. Both indicators must be below the 35 level.

SELL - Enter SELL trade when the RSI (white) closes below the T3 RSI (red) from above. Both indicators must be above the 65 level.