T3
Type:
t3• Category:indicators
Description
Calculates T3 indicator based on price list
Parameters
| Name | Type | Description | Required | Default |
|---|---|---|---|---|
dataExp | string | prices data | no | |
price | string | Price field to use to calculate T3 | no | |
timeperiod | number | Number of periods to use for T3 calculation | no | 5 |
vfactor | number | Volume factor for T3 calculation | no | 0.7 |
indicator | string | no | "T3" |
Help
T3 Indicator
Description
The T3 indicator is a technical analysis tool used in financial markets to gauge the momentum and direction of price movements. It is an advanced indicator that uses a combination of price and volume data to provide insights into market trends.
Overview
This worker calculates the T3 indicator based on a given price list. It is designed to help analysts and traders identify trends, potential reversals, and volatility in the market.
What does this worker do?
The T3 indicator worker takes in the following parameters:
dataExp: prices dataprice: Price field to use to calculate T3timeperiod: Number of periods to use for T3 calculationvfactor: Volume factor for T3 calculationindicator: No description
It then calculates the T3 indicator values based on these inputs and returns the results.
How to Interpret the Results
The T3 indicator can be used in various ways to analyze market trends:
- Trend Identification: A rising T3 indicator suggests an uptrend, while a falling T3 indicator indicates a downtrend.
- Momentum: The slope and steepness of the T3 indicator can indicate the momentum behind a trend.
- Reversal Signals: Crossovers above or below a certain threshold can signal potential reversals in the market.
Additional Information
The T3 indicator is also known as the "Triple Exponential Moving Average" indicator. It is a versatile tool that can be used in conjunction with other technical and fundamental analysis techniques to form a comprehensive view of the market.
Usage Example
For a visual guide on how to use this indicator, please refer to the following GIFs:
Full GIF
[](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)
Short GIF
[](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)
These GIFs demonstrate the practical application of the T3 indicator in a real-world setting, providing insights into how to effectively utilize this tool in financial analysis.