Cronex T RSI BB Signal Indicator, according to the developers, is designed for scalping in a wider range.
The Cronex T RSI BB Signal indicator consists of five lines and a histogram:
- Blue line - standard RSI indicator
- Orange line - consolidated RSI indicator, built on the T3 RSI
- Dotted lines - boundaries Bollinger Bands
- Blue line - the middle line of the Bollinger Bands
Using the Cronex T RSI BB Signal Indicator in Trading
The signal to enter the market is formed when the consolidated RSI, built on the T3 RSI, goes beyond the Bollinger Bands. It is possible to use the crossing of T3 RSI with the median line of the Bollinger Bands.
Entry into the position is made after the first bar of the corresponding color histogram appears: blue - buy entry, red - sell entry.
The position is exited after the histogram bars are reset to zero.