T3 - indicator for MetaTrader 5

T3 – indicator MetaTrader 5

by

The T3 Moving Average indicator was presented by Tim Tillson in “S&C Magazine” in January, 1998.
It is a triple smoothed combination of DEMA (Double Exponential Moving Average)
Advantages of T3:
Lower lagging, the line is much smoother, provides early entry signals, generates less false signals.

The indicator has three input parameters:

  • Volume factor (in percent) – DEMA influence coefficient (*)
  • Period – calculation period
  • Applied price

Calculation:

T3 = (1+Volume factor) * EMA4 - Volume factor * EMA5

where:

EMA5 - EMA(EMA4, Period)
EMA4 - EMA(GD2, Period)
GD2  = (1+Volume factor) * EMA2 - Volume factor * EMA3
EMA3 - EMA(EMA2, Period)
EMA2 - EMA(GD, Period)
GD   = (1+Volume factor) * EMA0 - Volume factor * EMA1
EMA1 - EMA(EMA0, Period)
EMA0 - EMA(Applied price, Period)

* “Volume factor” (default is 70%) determines the share of DEMA to use.
The factor ranges from 0, which makes it a simple EMA, to 100, which gives a full DEMA.
0% – T3 – is only a triple EMA ( EMA(EMA(EMA)) )
100% – T3 is a triple DEMA ( DEMA(DEMA(DEMA)) )

  Exp_ColorJFatl_Digit_Duplex - EA MetaTrader 5




T3 – indicator MetaTrader 5
📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks

Similar MetaTrader Trading Tools: