T3 - MetaTrader 5 Script - MQL5 #21842 | Forex Indicator Download - MT4/MT5 Resources

The T3 moving average indicator was proposed by Tim Tillson in January 1998 in S&C Magazine.
It is a triple smoothed combination of DEMA (Double Exponential Moving Average)

Advantages of T3:
The lower the lag, the smoother the line, providing early entry signals and producing fewer false signals.

The indicator has three input parameters:

 T3 = (1+volume factor) * EMA4 - volume factor * EMA5
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 coefficient) * EMA0 - volume coefficient * EMA1
EMA1 - EMA(EMA0, period)
EMA0 - EMA (apply price, period)
*The "volume factor" (default 70%) determines the share of DEMA to be used.
 This factor ranges from 0 (making it a simple EMA) to 100 (producing a complete DEMA).

 0% - T3 - just triple EMA ( EMA(EMA(EMA)) )
 100% - T3 is triple DEMA (DEMA(DEMA(DEMA)))

 Attachment download
 📎t3.mq5 (12.85 KB)
 Source: MQL5 #21842