Profit Maximizer Indicator on RSI with Tillson T3 Moving Average:
PMax uses ATR calculation inside, for this reason users couldn't manage to use PMax on RSI because RSI indicator doesn't have High and Low values in bars, but ATR needs that values. So I personally calculate RSI in a different way to have High and Low values of RSI wrt price bars.
IMPORTANT: Because of the sudden movements and divergences on RSI , this indicator must firstly optimized for the charts before using. Optimization can be held by users for the meaningful parameters for each chart. 3 parameters are critical when optimizing: First: Multiplier Second: Tillson T3 Length Third: T3 Volume Factor
Says, Kıvanç Özbilgiç. Here's the strategy version for you to backtest & optimize properly.
Alert triggered time is different from the order filled time, why?
amitjhaa1985
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hey..can you please explain the logic for buy and sell... i am not good in tradingview programming.. i want to backtest it in python.. can you just explain the logic.