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 (*)
* “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)) )
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