T3 - MetaTrader 5 Script - MQL5 #424 | Forex Indicators Download - MT4/MT5 Resources
The T3 indicator was proposed by Tim Tillson in 1998.
The reason for developing this new moving average is to improve the noise filter and reduce the lag present in most moving averages. The indicator is based on multiple exponential smoothing of prices. The trading signals are: buy when the price crosses the indicator upwards and sell when the price crosses downwards.
The indicator uses the CT3 class of the SmoothAlgorithms.mqh library, details can be found in the article "Average price series for intermediate calculations without using additional buffers" .
T3 Moving Average Indicator
Attachment download
📎 smoothalgorithms.mqh (133.8 KB)
📎t3.mq5 (5.55 KB)
Source: MQL5 #424
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