length - This is the period used for the .
Smooth Length - This is the smoothing period of the used for the smoothing in Inverse .
Signal - This is the period used for signal line.
Overbought - Configures the overbought threshold (0.5 default).
Oversold - Configures the oversold threshold (-0.5 default).
T3 Smoothing - Enabling this applies T3MA smoothing to the .
T3 Length - This is the period used for the T3MA smoothing of the .
T3 Factor - This is the factor used for the T3MA smoothing of the .
I've added a histogram plotting the difference between the signal line and to make it easier to make trades. Oversold and Overbought thresholds are indicated by the red and green horizontal lines. Signal line is coloured for trade direction.
Happy trading folks!
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.