#### netarchitech

##### Well-known member

**VIP**

Code:

```
# filename: _Tillson_T3_Moving_Average_
# source: https://futures.io/thinkorswim/34287-tilson-t3-moving-average.html#post460861
# created by: rmejia
# last update: 12/17/2014
#hint:<b>T3 Adaptive Smoothing Indicator</b>\nThis study was adopted from the Technical Analysis of Stocks and Commodities article "Smoothing Techniques for More Accurate Signals" by Tim Tillson, Jan 1998 (V16:1 pp33-37)
#hint: indicator: Defines the level of filtering to occur, default is 3
#hint: volumeFactor: Adjusts the amplitude of the feedback added back into the base filter
declare upper;
input indicator = { T1, T2, default T3, T4, T5, T6 };
input price = close;
input period = 15;
input volumeFactor = 0.70;
input displace = 0;
input sign = { default plus, minus };
input Label = No;
input paintbars = No;
script _gd {
input _price = close;
input _period = 10;
input _v = 0.70;
input _sign = { default plus, minus };
def _ema = ExpAverage( _price, _period );
plot _gd = ( _ema * ( 1 + _v ) ) - ( ExpAverage( _ema, _period ) * _v );
}
def _t1 = _gd( price[-displace], period, volumeFactor, sign );
def _t2 = _gd( _t1, period, volumeFactor, sign );
def _t3 = _gd( _t2, period, volumeFactor, sign );
def _t4 = _gd( _t3, period, volumeFactor, sign );
def _t5 = _gd( _t4, period, volumeFactor, sign );
def _t6 = _gd( _t5, period, volumeFactor, sign );
plot T3;
switch( indicator ) {
case T1:
T3 = _t1;
case T2:
T3 = _t2;
case T3:
T3 = _t3;
case T4:
T3 = _t4;
case T5:
T3 = _t5;
case T6:
T3 = _t6;
}
T3.AssignValueColor(if T3 > T3[1] then Color.GREEN else Color.RED);
T3.HideBubble();
AddLabel(Label, if T3 > T3[1] then " A " else " A ", if T3 > T3[1] then Color.GREEN else Color.RED);
assignPriceColor(if paintbars and T3 < T3[1] then color.DARK_RED else if paintbars and T3 > T3[1] then color.DARK_GREEN else color.CURRENT);
```

**More info**: https://technicalindicators.net/indicators-technical-analysis/150-t3-moving-average

Comparing 8 period EMA (Green/Red) with 8 period Tillson T3 MA with T1 setting (Magenta/Yellow)...

Comparing 8 period Hull MA (Green/Red) with 8 period Tillson T3 MA with T1 setting (Magenta/Yellow)...

The "Winner": 8 period Tillson T3 MA with T1 and 0.10 Volume Factor settings...

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