Indicator for Announcing Alignment of the Three RCIs
Indicator Overview
The Rank Correlation Index (RCI) is a technical analysis tool commonly used to understand market trends and relative strengths. This RCI combines multiple time periods for a more detailed market analysis. This indicator displays signals when the alignment and slopes of the short-term, medium-term, and long-term RCIs coincide.
Alignment of the Three RCIs
When the sequence of the three-period RCIs is from the shortest to the longest, it indicates a strong upward trend. Conversely, a sequence from the longest to the shortest indicates a strong downward trend. This indicator displays an upward arrow for the former sequence and a downward arrow for the latter.
【Example of display when three RCIs are aligned】
Slopes of the Three RCIs
When the slopes of the three-period RCIs align, it shows that the short-term, medium-term, and long-term directions are consistent. An upward slope across all indicates an uptrend, and a downward slope indicates a downtrend.
This indicator marks on the chart when the slopes align.
【Example of display when slopes of three RCIs are aligned】
This indicator only works on the Windows version of TitanFX MT5 and MT4.
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Indicator Settings
Input (for MT5) / Parameter Input (for MT4) Tab Settings
| Variable Name | Description | Default |
|---|---|---|
| Period 1 | Set the period for the short-term RCI. | 9 |
| Period 2 | Set the period for the medium-term RCI. | 26 |
| Period 3 | Set the period for the long-term RCI. | 52 |
| Color(Upward) | Specify the color for indicating an uptrend. | Aqua |
| Color(Downward) | Specify the color for indicating a downtrend. | Violet |
| Mark Size(sequence) | Specify the size of the mark indicating sequence alignment. | 1 |
| Mark Size(slope) | Specify the size of the mark indicating slope alignment. | 1 |
| Alert(sequence) | Choose true to set an alert when the sequence aligns. | true |
| Alert(slope) | Choose true to set an alert when the slopes align. | true |
Color (for MT5) / Color Settings (for MT4) Tab Settings
This indicator does not use this section.