OPEN-SOURCE SCRIPT
T3 Oscillator
TL;DR - An Oscillator based on T3 moving average
The T3 moving average is a well known moving average created by Tim TIllson. Oscillator values are created by using the simple formula "source (close by default) - T3 moving average". Tim Tillson used a "volume factor" of 0.7 in his original T3 calculation. I changed this value to 0.618 and added the option to change it if needed/wanted. I also added alarms for zero line crossing upwards and downward, a smoothing option and custom time frames.
Compared to other oscillators like TSI, MACD etc. I observed better signals, especially in trending market situations, from the T3 oscillator (I tested Forex and Crypto).
Usage is simple: If the oscillator is above 0 it indicates a bearish trend. If below 0 it indicates a bullish trend. -> Really simple to use. However it can also be used to determine micro trends and reversals when combined with price action analysis. To keeps things simple I have not added a moving average like many other oscillators because I think it is confusing and does not help (in this particular case).
P.S. I haven't found a T3 oscillator on Trading View. Code is free - do whatever you want with it ;)
The T3 moving average is a well known moving average created by Tim TIllson. Oscillator values are created by using the simple formula "source (close by default) - T3 moving average". Tim Tillson used a "volume factor" of 0.7 in his original T3 calculation. I changed this value to 0.618 and added the option to change it if needed/wanted. I also added alarms for zero line crossing upwards and downward, a smoothing option and custom time frames.
Compared to other oscillators like TSI, MACD etc. I observed better signals, especially in trending market situations, from the T3 oscillator (I tested Forex and Crypto).
Usage is simple: If the oscillator is above 0 it indicates a bearish trend. If below 0 it indicates a bullish trend. -> Really simple to use. However it can also be used to determine micro trends and reversals when combined with price action analysis. To keeps things simple I have not added a moving average like many other oscillators because I think it is confusing and does not help (in this particular case).
P.S. I haven't found a T3 oscillator on Trading View. Code is free - do whatever you want with it ;)
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.