Would it be possible to convert this indicator in to " T3 Rsx Nrp " like you already done with simple stochastic and created " Stochastic of T3 " ?
RSX is already a "smoother RSI" (you can easily check that : set the periods for rsi and rsx to same values and you will see that, apart from rsx being much smoother, they match). See an example (the smoother is rsx)
Applying additional smoothing by using T3 on it would add lag. I can do that, but I doubt that you want that lag added to rsx
Thanks for kind info Mladen
It really helps me lot
Can we manage those extra lag by changing HOT ?
Sorry i have a very little knowledge about Indicators that's why requesting such thing !!!
rsx - t3 additional smoothed ...
You can do that to some extent, but there is no value of hot that would give you a no additional lag. Any "smoothing" or averaging must add some lag. Anyway, here is this one with t3 smoothing added. If you want to turn the smoothing off set the T3Length to 0. This way you can test it and see for yourself what are the results of additional smoothing
You are absolutely right Mladen
Great thanks for help explanation and indicator
rsx nrp - T3 smoothed
Can Alerts be added to this indicator?
It would be great to see an Alert when the value crosses below a user specified level (such as 70) on the first closed bar.
And another Alert when the value crosses above a user specified level (such as 30) on the first closed bar.
By closed bar, I mean the candle immediately preceding the current candle that is forming.
This indicator was attached to post 237 above.
Posted the indicator with alerts here
If you put alertsOnCurrent = false then alerts should happen after closed bar.
MACD that uses T3 for calculating (including the signal line) posted at this post : https://www.mql5.com/en/forum/173071/page80
Gan T3 gigh low activator histo ...
Gann T3 high low activator - histogram version ...
PS: period 12 at this example
What exact settings in this picture mladen ? and does repaint the past ?
Please enable the necessary setting in your browser, otherwise you will not be able to log in.