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Re: Moving Averages indicator(s) - cTrader

Tsar, Fri Mar 09, 2018 8:24 pm

T3MA


The T3MA indicator uses a Weighted sum of : Single EMA, Double EMA, Triple EMA etc.
For this reason, unlike the regular MA (moving Average), T3MA is a Very Smooth line.

This indicator uses the following formula :
T3MA = c1*e6 + c2*e5 + c3*e4 + c4*e3

Where :
e1 = EMA (CLOSE, Period)
e2 = EMA (e1, Period)
e3 = EMA (e2, Period)
e4 = EMA (e3, Period)
e5 = EMA (e4, Period)
e6 = EMA (e5, Period)
c1 = - b3
c2 = 3*b2 + 3*b3
c3 = - 6*b2 - 3*b - 3*b3
c4 = 1 + 3*b + b3 + 3*b2
(EMA = Exponential Moving Average, b = volume factor (default = 0.7))
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