Tillson T3 Moving Average

Created by Tim Tillson, the T3 indicator is a smooth moving average that reduces both lag and overshooting. [Discuss] :speech_balloon:

chart for Tillson T3 Moving Average

// usage
IEnumerable<T3Result> results =
  quotes.GetT3(lookbackPeriods, volumeFactor);

Parameters

lookbackPeriods int - Number of periods (N) for the EMA smoothing. Must be greater than 0 and is usually less than 63. Default is 5.

volumeFactor double - Size of the Volume Factor. Must be greater than 0 and is usually less than 2. Default is 0.7

Historical quotes requirements

You must have at least 6×(N-1)+100 periods of quotes to cover the convergence periods. Since this uses a smoothing technique, we recommend you use at least 6×(N-1)+250 data points prior to the intended usage date for better precision.

quotes is a collection of generic TQuote historical price quotes. It should have a consistent frequency (day, hour, minute, etc). See the Guide for more information.

Response

IEnumerable<T3Result>

:hourglass: Convergence warning: The first 6×(N-1)+250 periods will have decreasing magnitude, convergence-related precision errors that can be as high as ~5% deviation in indicator values for earlier periods.

T3Result

Date DateTime - Date from evaluated TQuote

T3 double - T3 Moving Average

Utilities

See Utilities and helpers for more information.

Chaining

This indicator may be generated from any chain-enabled indicator or method.

// example
var results = quotes
    .Use(CandlePart.HL2)
    .GetT3(..);

Results can be further processed on T3 with additional chain-enabled indicators.

// example
var results = quotes
    .GetT3(..)
    .GetRsi(..);