Smoothing RSI Candle-Volume Signals and Dynamic Thresholds

Summary

This document describes an RSI candle-volume indicator that smooths both its calculated candle values and its changing overbought and oversold levels. It lists configurable inputs for the RSI period, volume type, threshold levels, gap, smoothing method, smoothing depth, and indicator shift. The thresholds are set around positive and negative values, while the default smoothing method is T3.

The material is an indicator description and parameter reference, not a trading system. It gives no entry or exit rules, performance results, or comparisons with other indicators. It also depends on a separate smoothing library for MetaTrader 5, and points readers to another article for details about the averaging classes. Traders would need to investigate how the indicator behaves on their chosen markets and timeframes before using its signals; the document provides no validation evidence or risk controls.

Key ideas

• The indicator smooths RSI candle-volume values and its dynamic overbought and oversold levels.
• Its inputs allow users to set the RSI period, volume source, thresholds, gap, and averaging parameters.
• The default averaging method is T3, with a configurable smoothing depth and horizontal shift.
• The description supplies no trading rules or performance evidence, so its signals require independent evaluation.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.