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<abstract> <p>As an advanced technique, compressed sensing has been used for rapid magnetic resonance imaging in recent years, Two-step Iterative Shrinkage Thresholding Algorithm (TwIST) is a popular algorithm based on Iterative Thresholding Shrinkage Algorithm (ISTA) for fast MR image reconstruction. However TwIST algorithms cannot dynamically adjust shrinkage factor according to the degree of convergence. So it is difficult to balance speed and efficiency. In this paper, we proposed an algorithm which can dynamically adjust the shrinkage factor to rebalance the fidelity item and regular item during TwIST iterative process. The shrinkage factor adjusting is judged by the previous reconstructed results throughout the iteration cycle. It can greatly accelerate the iterative convergence while ensuring convergence accuracy. We used MR images with 2 body parts and different sampling rates to simulate, the results proved that the proposed algorithm have a faster convergence rate and better reconstruction performance. We also used 60 MR images of different body parts for further simulation, and the results proved the universal superiority of the proposed algorithm.</p> </abstract>