blackcat1402

[blackcat] L1 Tim Tillson T3

Level: 1

Background

T3 Moving Average is the responsive form of traditional moving averages. Presented in 1998 by Tim Tillson, T3 is also known as the Tillson Moving Averages. The thought behind the development of this technical indicator was to improve lag and false signals, which can be present in moving averages.


Function

The T3 indicator performs better than the ordinary moving averages. The reason for this is T3 Moving Average is built with the EMA ( exponential moving average ).
Its calculation is based on the sum of single EMA , double EMA , Triple EMA , and so on.
This gives the following equation:

T3 = c1*e6 + c2*e5 + c3*e4 + c4*e3…

Where

e3 = EMA (e2, Period)
e4 = EMA (e3, Period)
e5 = EMA (e4, Period)
e6 = EMA (e5, Period)
a is the volume factor, with a default value of 0.7 but you can also use 0.618

c1 = a^3
c2 = 3*a^2 + 3*a^3
c3 =6*a^2 – 3*a – 3*a^3
c4 = 1 + 3*a + a^3 + 3*a^2

When a trend appears, the price action stays above or below the trend line and doesn’t get disturbed from the price swing. The moving of the T3 and the lack of reversals can indicate the end of the trend. The T3 Moving Average produces signals just like moving averages, and similar trading conditions can be applied. If the price is above the T3 Moving Average and the indicator moves upward, this is a sign of a bullish trend . Here we may look to enter long. Conversely, if the price action is below the T3 Moving Average and the indicator moves downwards, a bearish trend appears. Here we may want to look for a short entry.

Key Signal

Price --> Price Input.
T3 --> T3 Ouput.

Remarks

This is a Level 1 free and open source indicator.

Feedbacks are appreciated.

Donate TRC20 USDT to below address, 5USDT per monthly sub, 50USDT per yearly sub: TNz84MjJTWUUUyQFpPNjaAU7J2SwhJJ7j9
Note: USDT_TRC20 deposits sent from decentralized exchanges are not yet supported.
开源脚本

本着真正的TradingView精神,该脚本的作者将其开源发布,以便交易者可以理解和验证它。为作者喝彩!您可以免费使用它,但在出版物中重复使用此代码受网站规则的约束。 您可以收藏它以在图表上使用。

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其他类型的意见或建议。请在使用条款阅读更多信息。

想在图表上使用此脚本?