[blackcat] L1 Tim Tillson T3Level: 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.
Media Mobile T3 (T3)
TKP T3 Trend With Psar BarcolorThis script is adapted from TKP's long/short indicator to initiate buy/sell indications when price crosses the T3 moving averages, and when the T3's themselves cross. Bars change colors based on price over/under T3 and T3 up or down or This allows for simple visual analysis of trend direction along with entries, exits, and stop loss values.
Combo Strategy 123 Reversal & FX Sniper: T3-CCI This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
This simple indicator gives you a lot of useful information - when to enter, when to exit
and how to reduce risks by entering a trade on a double confirmed signal.
You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
WARNING:
- For purpose educate only
- This script to change bars colors.
Tilson T3Developed by Tim Tillson, the T3 Moving Average is considered superior to traditional moving averages as it is smoother, more responsive and thus performs better in ranging market conditions as well. However, it bears the disadvantage of overshooting the price as it attempts to realign itself to current market conditions (www.tradingpedia.com).
T3-CCI Impulse [SystemAlpha]FX Sniper's T3-CCI indicator modified with bar color and regular divergence.
Also added option to change bar color based on Elder's Impulse System.
T3-CCI Alerts [SystemAlpha]This is an alert companion of the T3-CCI Strategy based on FX Sniper's T3-CCI indicator. Instead of using just the normal buy and sell signal, we added an option to use trend filters, trailing stop loss and take profit targets.
The TTM scalper indicator of John Carter’s Scalper Buys and Sells was originally created by HPotter and is a close approximation of the one described in his book Mastering the Trade.
In this study you have a choice of:
Trend Filters:
- Average Directional Index ( ADX ) – buy when price is trend is up and sell when trend is down.
- Moving Average (MA) – buy when price close above the defined moving average and sell when price close below moving average
- Parabolic SAR – buy when SAR is above price is above price and sell when SAR is below price.
- All - Use ADX , MA and SAR as filters
For MA Filter , you can use the “TF MA Type” and "TF MA Period" parameter to select Simple or Exponential Moving Average and length.
Stop Loss:
- Average True Range (ATR) – ATR % stop as trailing stop loss.
- Parabolic SAR ( SAR ) – Parabolic SAR adapted as trailing stop loss.
For ATR , you can use the “ATR Trailing Stop Multiplier” parameter to set an initial offset for trailing stop loss.
Take Profit Target:
- Average True Range (ATR) – ATR % stop as trailing stop loss.
- Standard % – Percent as target profit
For ATR , you can use the “ATR Take Profit Multiplier” parameter to set an initial offset for trailing stop loss.
Additional feature include:
- Show Bar Colors
Alerts:
When creating alerts use “Once Per Bar Close” parameter for Long and Short and “Once Per Bar” for Close, Trailing Stop, and Take Profit.
TradingView Links:
Strategy:
T3-CCI Indicator:
Advance ADX:
How to use:
1. Apply the script by browsing through Indicators --> Invite-Only scripts and select the indicator
2. Once loaded, click the gear (settings) button to select/adjust the parameters based on your preference.
3. Wait for the next BUY or SELL signal to enter the trade!
Disclaimer:
The indicator and signals generated do not constitute investment advice; are provided solely for informational purposes and therefore is not an offer to buy or sell a security; are not warranted to be correct, complete or accurate; and are subject to change without notice.
Axe and ShieldAxe and Shield measures the distance between the selected Moving Average (T3, EMA, SMA) or Volume Weighted Average Price (VWAP) and high or low of the current bar. It remembers the highest distance over the selected period of time.
It will use a candle's high if the price is above the level.
It will use a candle's low if the price is below it.
Distance is always positive. If it is measured above, the axe will be green. If it is below, it will be red.
The lookback period is how far in the past you want to look for the extreme distance. By default, it is set 24h to the past on always-open markets.
I recommend using with low-period moving averages or VWAP. Sometimes, you might even see double tops on the indicator and reversal price action, which can lead to opening a position. You might as well look for divergences. When the price moves higher but remains closer to MA/VWAP, momentum might be disappearing.
Do a proper backtest to see how useful Axe and Shield's information would be to you.
Bollinger Bands T3/SMA/EMAThis is Bollinger Bands script with an option to choose three different moving averages. The simple moving average is the original settings used by Mr Bollinger. Exponential is a popular choice as it adds more value to the recent price movements. T3 is a lot faster at adapting to the recent price. Compared to exponential, it gives even more value to the recent prices and furthermore, it is smoother. I use it to polish my True Range scripts.
Another upgrade is the ability to have a different colour of the channel when the baseline moves up or down.
Back to calculation? Is it better to use T3 with Bollinger? My opinion is that it depends on the trader. Both of them give you slightly different information and it is essential to look at the historical behaviour and answer for yourself. Will I use T3 calculation? Well, I built this script to find out if I want to.
Have a great trade!
TKP Short/Long IndicatorThis script uses T3 Moving averages and a modified Parabolic Sar Calculation to help Identify trend reversals, but can also keep you in the predominant direction of strong trending price action.
Comparing different types of moving averagesA Study of Moving Average Types
// SMA Simple
// WMA Weighted
// VWMA Volume Weighted
// EMA Exponential
// DEMA Double EMA
// ALMA Arnaud Legoux
// HMA Hull MA
// SMMA Smoothed
// LSMA Least Squares
// KAMA Kaufman Adaptive
// TEMA Triple EMA
// ZLEMA Zero Lag
// FRAMA Fractal Adaptive
// VIDYA Variable Index Dynamic Average
// JMA Jurik Moving Average
// T3 Tillson
// TRIMA Triangular
RePaNoCHa V4 [Alerts]Script for automatic trading with Alerts.
LG --> Long (green: not confirmed) (lime: confirmed)
ST --> Short (maroon: not confirmed) (red: confirmed)
TS --> Trailing Stop
xL --> Close Long Position
xS --> Close Short Position
SL --> Stop Loss
The trailing stop closes the trade if the price changes direction by a specified percentage or offset. There is no ideal distance because markets and price are always changing and we know that is impossible to exit on the top or bottom. This script interpolate the trailing Stop Offset with profit, higher profit --> higher Trailing Stop Offset. Despite this, it's difficult to catch the price but not impossible. It has a TS delay too. It take a snapshot every X seconds, if the TS is activated the alert is triggered, otherwise the price keeps fluctuating until a new snapshot.
It can be easily converted to Backtest. Just delete "//" on the corresponding part.
Default settings for XBT:USD at 1H.
Haos Visual @PuppyTherapyToday I am bringing to you my interpretation of the Haos Visual Oscillator with a trend which is derived from two Williams R% indicators smoothed by T3. I have been inspired by this idea in the following post.
www.prorealcode.com
Is a pretty unique indicator indeed that due to its smoothing provide nice entries. Your Entry signal is when the histogram, which is the longer term willy is green that signalizes strong bullish momentum. If you then receive a momentum change which is the dot on the short willy or you breach the -30 to -40 area it is a strong buy signal.
Also, this is my first V4 Script thanks to Tradingview to adding to the platform :)
Tillson T3 Moving Average MTFMULTIPLE TIME FRAME version of Tillson T3 Moving Average Indicator
Developed by Tim Tillson, the T3 Moving Average is considered superior -1.60% to traditional moving averages as it is smoother, more responsive and thus performs better in ranging market conditions as well. However, it bears the disadvantage of overshooting the price as it attempts to realign itself to current market conditions.
It incorporates a smoothing technique which allows it to plot curves more gradual than ordinary moving averages and with a smaller lag. Its smoothness is derived from the fact that it is a weighted sum of a single EMA , double EMA , triple EMA and so on. When a trend is formed, the price action will stay above or below the trend during most of its progression and will hardly be touched by any swings. Thus, a confirmed penetration of the T3 MA and the lack of a following reversal often indicates the end of a trend.
The T3 Moving Average generally produces entry signals similar to other moving averages and thus is traded largely in the same manner. Here are several assumptions:
If the price action is above the T3 Moving Average and the indicator is headed upward, then we have a bullish trend and should only enter long trades (advisable for novice/intermediate traders). If the price is below the T3 Moving Average and it is edging lower, then we have a bearish trend and should limit entries to short. Below you can see it visualized in a trading platform.
Although the T3 MA is considered as one of the best swing following indicators that can be used on all time frames and in any market, it is still not advisable for novice/intermediate traders to increase their risk level and enter the market during trading ranges (especially tight ones). Thus, for the purposes of this article we will limit our entry signals only to such in trending conditions.
Once the market is displaying trending behavior, we can place with-trend entry orders as soon as the price pulls back to the moving average (undershooting or overshooting it will also work). As we know, moving averages are strong resistance/support levels, thus the price is more likely to rebound from them and resume its with-trend direction instead of penetrating it and reversing the trend.
And so, in a bull trend, if the market pulls back to the moving average, we can fairly safely assume that it will bounce off the T3 MA and resume upward momentum, thus we can go long. The same logic is in force during a bearish trend .
And last but not least, the T3 Moving Average can be used to generate entry signals upon crossing with another T3 MA with a longer trackback period (just like any other moving average crossover). When the fast T3 crosses the slower one from below and edges higher, this is called a Golden Cross and produces a bullish entry signal. When the faster T3 crosses the slower one from above and declines further, the scenario is called a Death Cross and signifies bearish conditions.
I Personally added a second T3 line with a volume factor of 0.618 (Fibonacci Ratio) and length of 3 (fibonacci number) which can be added by selecting the box in the input section. traders can combine the two lines to have Buy/Sell signals from the crosses.
Developed by Tim Tillson
T3DMA Trend DirectionI am using T3 moving averages to generate the idea of what kind of bias I should take in a current market.
So, how does this works?
When the close is higher than T3EMA10, the trend direction is upwards,
When the close is lower than T3EMA10, the trend direction is downward.
Using this, we can assume that there is higher probability for market to continue it's trend up or down, hence trade only in that direction. T3EMA5 is used to exit any open positions before trend changes it's direction.
Have a nice day trading and enjoy.
Heikin-Ashi Smoothed with option to change MA types CryptoJoncisPine Script version=3
Author CryptoJoncis
Heikin-Ashi Smoothed
The Heikin-Ashi Smoothed study is based upon the standard Heikin-Ashi study with additional moving average calculations. The following is the calculation formula for the bars:
1. The current bar Open, High, Low, Close values are smoothed individually by using the moving average type specified by the Moving Average Type 1 Input with a length/period specified by the Moving Average Period 1 Input.
2. The Heikin-Ashi bar Open, High, Low, Close values are set using the smoothed values from step 1. This is performed using the standard Heikin-Ashi formula.
3. The final Heikin-Ashi Open, High, Low, Close values are calculated by doing a second smoothing of the bar values from step 2 by using the moving average type specified by the Moving Average Type 2 Input with a length/period specified by the Moving Average Period 2 Input.
If you choose to tick the box where it offers to use only one smoothed HA then it skips the third/final step and you do not need to choose the second MA type for it to work.
Remember, using FRAMA, always make sure you use even number for length.
For simple Heikin-Ashi, please tick single smoothed and DEFAULT (Not smoothed as there are no MA used)
Heikin-Ashi bars are calculated:
1. Close = (Open + High + Low + Close) / 4
This is the average price of the current bar.
2. Open = (Open of Previous Bar + Close of Previous Bar) / 2
This is the midpoint of the previous bar.
3. High = Max of (High, Open, Close)
Highest value of the three.
4. Low = Min of (Low, Open, Close)
Lowest value of the three.
Any questions/suggestions/errors or spelling mistakes? Please leave a comment and let me know. I will try to fix it.
This took me few days to finish, so I hope you will find it useful.
Would you like to have more MA type choices? Please comment down with any other which aren't included in this indicator and I will research them and add.
MA included in this script:
Tillson Moving Average (T3)
Double Exponential Moving Average (DEMA)
Arnaud Legoux Moving Average (ALMA)
Least Squares Moving Average (LSMA)
Simple Moving Average (SMA)
Exponential Moving Average (EMA)
Weighted Moving Average (WMA)
Smoothed Moving Average (SMMA)
Triple Exponential Moving Average (TEMA)
Hull Moving Average (HMA)
Adaptive moving average (AMA)
Fractal Adaptive Moving Average (FAMA)
Variable Index Dynamic Average (VIDYA)
Triangular Moving Average (TRIMA)
You can use,publish,modify this code in any way as you wish, but only if you reference me after.
You are not allowed to sell it as it is.
If this code is useful to you, then consider to buy me a coffee (or better a pint of beer) by donating Bitcoin or Etherium to:
BTC: 3FiBnveHo3YW6DSiPEmoCFCyCnsrWS3JBR
ETH: 0xac290B4A721f5ef75b0971F1102e01E1942A4578
References:
www.sierrachart.com
www.investopedia.com
www.binarytribune.com
www.investopedia.com
www.stockfetcher.com
www.mql5.com
www.incrediblecharts.com
help.cqg.com
www.blastchart.com
T3MA Crossover Strategy w/ Alerts v2.0Summary:
Using the T3MA formula developed by Tim Tillson, this differs from traditional SMA and EMA by providing a smoother curve and less lag. The smoothness is derived from the weighted sum of a single EMA through EMA 6 times.
How it works:
- Like any other crossover strategy.
- When fast MA crosses OVER the slow MA, go long.
- Close long and/or go short when the fast MA crosses UNDER the slow MA.
- Can keep flipping between long and short signals.
Quite a conservative strategy as it uses lagging indicators, not for intraday trading (you can, but I don't). Comes into it's own in trending markets as long as you stick to the signals.
Alert messages:
- Long
- Short
How I use it:
- My defaults are set at 2 fast MA and 5 slow MA to ride trends as close as possible.
- On BTCUSD and other altUSD pairs, I tend to use a daily time frame.
- On altBTC pairs, I tend to use a 12H time frame.
- Action on candle close at momentum confirmation (have seen numerous examples of a signal reversing mid candle into a dump).
Will need to be able to short altcoins to make the most of it, or it will at least keep you out of sustained downtrends (=/= holding).
Backtest it on bitcoin and other large cap alts on high time frames to see for yourself. For lazy trading, can set up alerts with AutoView.
0.1ETH for lifetime access. Message for details and support.
All Moving averagesI have added an option to turn on or off any Moving average by choice and if needed, Heikin-ashi used as source (instead of close)
List of Moving Averages which you can use
T3 - Tillson Moving Average
DEMA - Double Exponential Moving Average
ALMA - Arnaud Legoux moving average
LSMA - Least Squares Moving Average
MA - Simple Moving Average
EMA - Exponential Moving Average
WMA - Weighted Moving Average
SMMA -The Smoothed Moving Average
TEMA - triple exponential moving average
HMA - The Hull Moving Average
AMA - Adaptive Moving Average
FAMA - Fractal Adaptive Moving Average
VIDYA - Variable Index Dynamic Average
TRIMA - Triangular Moving Average
Consider a tip in ETH to
0xac290B4A721f5ef75b0971F1102e01E1942A4578
Thank you and have a nice day
CryptoJoncis
Tillson Moving Average(sma) TENT3 Moving Average indicator was originally developed by Tim Tillson in 1998/99.
T3 Moving Average is considered as improved and better to traditional moving averages as it is smoother and performs better in trending market conditions.
It offers multiple opportunities when the price is in the state of retracement and therefore allows to minimize your exposed risk and allowing your profits run.
This version provides T3 MA
Source options - all standard + HA
T3 based on 6x sma
Adds up to 10 T3 MA with sma on chart
Consider a tip in ETH to
0xac290B4A721f5ef75b0971F1102e01E1942A4578
Thank you and have a nice day
CryptoJoncis
Tillson Moving Average(ema) TENT3 Moving Average indicator was originally developed by Tim Tillson in 1998/99.
T3 Moving Average is considered as improved and better to traditional moving averages as it is smoother and performs better in trending market conditions.
It offers multiple opportunities when the price is in the state of retracement and therefore allows to minimize your exposed risk and allowing your profits run.
This version provides simple T3 MA
Source options - all standard + HA
T3 based on 6x ema
Can add up to 10 T3 MA on chart
Consider a tip in ETH to
0xac290B4A721f5ef75b0971F1102e01E1942A4578
Thank you and have a nice day
CryptoJoncis
Tillson Moving Average(vwma) singleT3 Moving Average indicator was originally developed by Tim Tillson in 1998/99.
T3 Moving Average is considered as improved and better to traditional moving averages as it is smoother and performs better in trending market conditions.
It offers multiple opportunities when the price is in the state of retracement and therefore allows to minimize your exposed risk and allowing your profits run.
This version provides simple T3 MA
Source options - all standard + HA
T3 based on 6x vwma
Only adds 1 T3 MA on chart
Consider a tip in ETH to
0xac290B4A721f5ef75b0971F1102e01E1942A4578
Thank you and have a nice day
CryptoJoncis
