T3 RSI Indicator MT4

MT4 Oscillator TradingFree Download

Introduction to the T3 RSI Indicator

The T3 RSI Indicator for MT4 provides crossover trend signals based on the intersection of T3 and the Relative Strength Index. Free download.

Many forex traders find it a perfect technical analysis tool as it uses a smoothed moving average (T3) for trend direction and an oscillator (RSI) to recognize oversold and overbought price states. A combination of these gauges gives a full picture of the market.

Due to the nature of the indicator, it is rather suitable for short-term forex strategies like scalping.

It fits all kinds of currency pairs and timeframes charts.

Closer look at the T3 RSI Indicator

The T3 RSI Indicator consists of two lines. The red line is the T3 moving average, and the white one is the RSI oscillator line.

When the white line is aligned above the red one, it means a trend is considered bullish.

On the other hand, the white line below the red one suggests a bearish trend.

T3 RSI Indicator Example Chart

If you pay attention to the above example chart, you will notice it generates quite a lot of signals.

Some of the gives a really nice profit, but some of them require a quick reaction from a trader. It all depends on market conditions.

Let’s take a look at the more detailed explanations of the trading rules.

Buy signal

Bullish intersection of T3 and RSI takes place
White line is located above the red line
Price forms a bullish pattern
Set stop loss below the recent swing low of the market
Take profit whenever the T3 RSI indicator plots the bearish crossover

T3 RSI Indicator Buy Trade Signal

Sell signal

Bearish intersection of T3 and RSI takes place
White line is located below the red line
Price forms a bearish pattern
Set stop loss above the recent swing high of the market
Take profit whenever the T3 RSI indicator plots the bullish crossover

T3 RSI Indicator Sell Trade Signal

Settings

These are available settings.

T3 RSI Indicator Settings

How to set up the T3 RSI indicator in MetaTrader (MT4)?

Installation Guide

Download the t3-rsi-indicator.rar archive at the bottom of this post, unpack it, then copy and paste the t3-rsi-indicator.ex4 or t3-rsi-indicator.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Bottom Line

The T3 RSI indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success.

Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions.

Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.

T3 RSI Indicator im MT4 Trading Platform Navigator