Tillson T3 Moving Average for Thinkorswim

netarchitech

netarchitech

Well-known member
tilson-average.png


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

tillson-t1.png


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

tillson-t1-hull.png


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

tillson-t1.png


The "Winner": 8 period Tillson T3 MA with T1 and 0.10 Volume Factor settings...
 
Last edited by a moderator:

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Actually, I think the Hull is faster. :cool: Hull's turn is taken at polarity change, even if it "overshoots". Take a look at the bottom of that chart.
One day, I'll have to look for the monster comparo of ma's. Most are in the eye of the beholder. (y)
 
markos said:
Actually, I think the Hull is faster.
Click to expand...

@markos You are correct, sir ;) I did the comparison to see which MA would keep you in a trend the longest. I guess I felt the Tillson T3 provided a little buffer between it and price. The Hull seems to plot directly on a sizable number of candles as it draws, which isn't helpful, IMO...

markos said:
Most are in the eye of the beholder.
Click to expand...

Very true...

As for the monster comparo, that would be interesting indeed :)
 
Could someone turn this into an MTF version?
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);

anyone around could kindly do this? Thanks

@markos is it possible to add a MTF to this ?
 
Last edited by a moderator:
@diazlaz think as it as a guide, if the 15 min is sloped red and the smaller time frame when it resets and flips back to align with the 15 min you have a small momentum trade, it makes it easier having the larger time frame visual verse having a bunch of charts open.

@BenTen you should have a small service added for a small fee for little suggests that need to be done, verse asking people for help, that's a good way to set up another fee-based scenario for this community, verse charging monthly give a few different options and subcontract the work out to different guys that can do it, this way they get a fee and so do you, juts a thought.
 
Last edited by a moderator:
Hi @Trading51, Here is an MTF version. please adjust your agg periods (1=A, 2=B), Label and color paints for the first Agg period included. please share your backtest and findings on how we might be able to trade this ;) I'm sure this can be further enhanced but wanted to refactor the gd script to make it MTF as an initial release. took me a bit of work and testing to make sure it was correct.


fH8S4KP.png


Ruby: 
#Tillson T3 Moving Average MTF Edition for ThinkOrSwim
#@diazlaz 2020.03.31 Version 1.0
#
# 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
# MTF Version @diazlaz 2020.03.31 Version 1.0
#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
input indicator    = { T1, T2, default T3, T4, T5, T6 };
input price = close;
input period = 15;
input volumeFactor = 0.70;
input displace = 0;
input sign = { plus, default minus };
input Label = Yes;
input paintbars    = Yes; #paints Primary aggregation1
input aggregation1 = AggregationPeriod.MIN;
input aggregation2 = AggregationPeriod.FIVE_MIN;
#aggregation1
#T1
def t1_price_01 = close(period = aggregation1);
def t1_ema_01 = ExpAverage( t1_price_01, period );
def t1_gd_01 = ( t1_ema_01 * ( 1 + volumeFactor ) ) - ( ExpAverage( t1_ema_01, period ) * volumeFactor );
#T2
def t2_price_01 = t1_gd_01;
def t2_ema_01 = ExpAverage( t2_price_01, period );
def t2_gd_01 = ( t2_ema_01 * ( 1 + volumeFactor ) ) - ( ExpAverage( t2_ema_01, period ) * volumeFactor );
#T3
def t3_price_01 = t2_gd_01;
def t3_ema_01 = ExpAverage( t3_price_01, period );
def t3_gd_01 = ( t3_ema_01 * ( 1 + volumeFactor ) ) - ( ExpAverage( t3_ema_01, period ) * volumeFactor );
#T4
def T4_price_01 = t3_gd_01;
def T4_ema_01 = ExpAverage( T4_price_01, period );
def T4_gd_01 = ( T4_ema_01 * ( 1 + volumeFactor ) ) - ( ExpAverage( T4_ema_01, period ) * volumeFactor );
#T5
def T5_price_01 = T4_gd_01;
def T5_ema_01 = ExpAverage( T5_price_01, period );
def T5_gd_01 = ( T5_ema_01 * ( 1 + volumeFactor ) ) - ( ExpAverage( T5_ema_01, period ) * volumeFactor );
#T6
def T6_price_01 = T5_gd_01;
def T6_ema_01 = ExpAverage( T6_price_01, period );
def T6_gd_01 = ( T6_ema_01 * ( 1 + volumeFactor ) ) - ( ExpAverage( T6_ema_01, period ) * volumeFactor );
plot T3_01;
switch( indicator ) {
case T1:
T3_01 = t1_gd_01;
case T2:
T3_01 = t2_gd_01;
case T3:
T3_01 = t3_gd_01;
case T4:
T3_01 = t4_gd_01;
case T5:
T3_01 = t5_gd_01;
case T6:
T3_01 = t6_gd_01;
}
T3_01.AssignValueColor(if T3_01 > T3_01[1] then Color.GREEN else Color.RED);
T3_01.HideBubble();
AddLabel(Label, if T3_01 > T3_01[1] then " A " else " A ", if T3_01 > T3_01[1] then Color.GREEN else Color.RED);
assignPriceColor(if paintbars and T3_01 < T3_01[1] then color.DARK_RED else if paintbars and T3_01 > T3_01[1] then color.DARK_GREEN else color.CURRENT);
#aggregation2
#T1
def t1_price_02 = close(period = aggregation2);
def t1_ema_02 = ExpAverage( t1_price_02, period );
def t1_gd_02 = ( t1_ema_02 * ( 1 + volumeFactor ) ) - ( ExpAverage( t1_ema_02, period ) * volumeFactor );
#T2
def t2_price_02 = t1_gd_02;
def t2_ema_02 = ExpAverage( t2_price_02, period );
def t2_gd_02 = ( t2_ema_02 * ( 1 + volumeFactor ) ) - ( ExpAverage( t2_ema_02, period ) * volumeFactor );
#T3
def t3_price_02 = t2_gd_02;
def t3_ema_02 = ExpAverage( t3_price_02, period );
def t3_gd_02 = ( t3_ema_02 * ( 1 + volumeFactor ) ) - ( ExpAverage( t3_ema_02, period ) * volumeFactor );
#T4
def T4_price_02 = t3_gd_02;
def T4_ema_02 = ExpAverage( T4_price_02, period );
def T4_gd_02 = ( T4_ema_02 * ( 1 + volumeFactor ) ) - ( ExpAverage( T4_ema_02, period ) * volumeFactor );
#T5
def T5_price_02 = T4_gd_02;
def T5_ema_02 = ExpAverage( T5_price_02, period );
def T5_gd_02 = ( T5_ema_02 * ( 1 + volumeFactor ) ) - ( ExpAverage( T5_ema_02, period ) * volumeFactor );
#T6
def T6_price_02 = T5_gd_02;
def T6_ema_02 = ExpAverage( T6_price_02, period );
def T6_gd_02 = ( T6_ema_02 * ( 1 + volumeFactor ) ) - ( ExpAverage( T6_ema_02, period ) * volumeFactor );
plot T3_02;
switch( indicator ) {
case T1:
T3_02 = t1_gd_02;
case T2:
T3_02 = t2_gd_02;
case T3:
T3_02 = t3_gd_02;
case T4:
T3_02 = t4_gd_02;
case T5:
T3_02 = t5_gd_02;
case T6:
T3_02 = t6_gd_02;
}
T3_02.AssignValueColor(if T3_02 > T3_02[1] then Color.GREEN else Color.RED);
T3_02.setLineWeight(2);
T3_02.HideBubble();
AddLabel(Label, if T3_02 > T3_02[1] then "  B  " else "  B  ", if T3_02 > T3_02[1] then Color.GREEN else Color.RED);

#End of #Tillson T3 Moving Average MTF Edition for ThinkOrSwim
 
You would need to change the assignvaluecolor. Just making this up and not testing it but maybe;
T3_02.AssignValueColor(if T3_02 > T3_02[1] and T3_02 = T3_02 then Color.GREEN else if T3_02 < T3_02[1] and T3_02 = T3_02 then Color.RED else Color.Gray);
 
Oh well that is what I get for just making things up. Sorry.

Just do what it says ,,, put in == for = and see if it works
 
Updated as per request.

J1A0hev.png


Ruby: 
#Tillson T3 Moving Average MTF Edition for ThinkOrSwim
#@diazlaz 2020.03.31 Version 1.1
#
# 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
# MTF Version @diazlaz 2020.03.31 Version 1.0
# Version 1.1 @diazlaz 2020.03.31 Version 1.1 - Updated Line Plots to plot both states at lower timeframe.
#
#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

input indicator    = { T1, T2, default T3, T4, T5, T6 };
input price = close;
input period = 15;
input volumeFactor = 0.70;
input displace = 0;
input sign = { plus, default minus };
input Label = Yes;
input paintbars    = Yes; #paints Primary aggregation1
input aggregation1 = AggregationPeriod.MIN;
input aggregation2 = AggregationPeriod.FIVE_MIN;
#aggregation1
#T1
def t1_price_01 = close(period = aggregation1);
def t1_ema_01 = ExpAverage( t1_price_01, period );
def t1_gd_01 = ( t1_ema_01 * ( 1 + volumeFactor ) ) - ( ExpAverage( t1_ema_01, period ) * volumeFactor );
#T2
def t2_price_01 = t1_gd_01;
def t2_ema_01 = ExpAverage( t2_price_01, period );
def t2_gd_01 = ( t2_ema_01 * ( 1 + volumeFactor ) ) - ( ExpAverage( t2_ema_01, period ) * volumeFactor );
#T3
def t3_price_01 = t2_gd_01;
def t3_ema_01 = ExpAverage( t3_price_01, period );
def t3_gd_01 = ( t3_ema_01 * ( 1 + volumeFactor ) ) - ( ExpAverage( t3_ema_01, period ) * volumeFactor );
#T4
def T4_price_01 = t3_gd_01;
def T4_ema_01 = ExpAverage( T4_price_01, period );
def T4_gd_01 = ( T4_ema_01 * ( 1 + volumeFactor ) ) - ( ExpAverage( T4_ema_01, period ) * volumeFactor );
#T5
def T5_price_01 = T4_gd_01;
def T5_ema_01 = ExpAverage( T5_price_01, period );
def T5_gd_01 = ( T5_ema_01 * ( 1 + volumeFactor ) ) - ( ExpAverage( T5_ema_01, period ) * volumeFactor );
#T6
def T6_price_01 = T5_gd_01;
def T6_ema_01 = ExpAverage( T6_price_01, period );
def T6_gd_01 = ( T6_ema_01 * ( 1 + volumeFactor ) ) - ( ExpAverage( T6_ema_01, period ) * volumeFactor );
plot T3_01;
switch( indicator ) {
case T1:
T3_01 = t1_gd_01;
case T2:
T3_01 = t2_gd_01;
case T3:
T3_01 = t3_gd_01;
case T4:
T3_01 = t4_gd_01;
case T5:
T3_01 = t5_gd_01;
case T6:
T3_01 = t6_gd_01;
}
T3_01.AssignValueColor(if T3_01 > T3_01[1] then Color.GREEN else Color.RED);
T3_01.HideBubble();
AddLabel(Label, if T3_01 > T3_01[1] then " A " else " A ", if T3_01 > T3_01[1] then Color.GREEN else Color.RED);
assignPriceColor(if paintbars and T3_01 < T3_01[1] then color.DARK_RED else if paintbars and T3_01 > T3_01[1] then color.DARK_GREEN else color.CURRENT);
#aggregation2
#T1
def t1_price_02 = close(period = aggregation2);
def t1_ema_02 = ExpAverage( t1_price_02, period );
def t1_gd_02 = ( t1_ema_02 * ( 1 + volumeFactor ) ) - ( ExpAverage( t1_ema_02, period ) * volumeFactor );
#T2
def t2_price_02 = t1_gd_02;
def t2_ema_02 = ExpAverage( t2_price_02, period );
def t2_gd_02 = ( t2_ema_02 * ( 1 + volumeFactor ) ) - ( ExpAverage( t2_ema_02, period ) * volumeFactor );
#T3
def t3_price_02 = t2_gd_02;
def t3_ema_02 = ExpAverage( t3_price_02, period );
def t3_gd_02 = ( t3_ema_02 * ( 1 + volumeFactor ) ) - ( ExpAverage( t3_ema_02, period ) * volumeFactor );
#T4
def T4_price_02 = t3_gd_02;
def T4_ema_02 = ExpAverage( T4_price_02, period );
def T4_gd_02 = ( T4_ema_02 * ( 1 + volumeFactor ) ) - ( ExpAverage( T4_ema_02, period ) * volumeFactor );
#T5
def T5_price_02 = T4_gd_02;
def T5_ema_02 = ExpAverage( T5_price_02, period );
def T5_gd_02 = ( T5_ema_02 * ( 1 + volumeFactor ) ) - ( ExpAverage( T5_ema_02, period ) * volumeFactor );
#T6
def T6_price_02 = T5_gd_02;
def T6_ema_02 = ExpAverage( T6_price_02, period );
def T6_gd_02 = ( T6_ema_02 * ( 1 + volumeFactor ) ) - ( ExpAverage( T6_ema_02, period ) * volumeFactor );
plot T3_02;
switch( indicator ) {
case T1:
T3_02 = t1_gd_02;
case T2:
T3_02 = t2_gd_02;
case T3:
T3_02 = t3_gd_02;
case T4:
T3_02 = t4_gd_02;
case T5:
T3_02 = t5_gd_02;
case T6:
T3_02 = t6_gd_02;
}

def sState1 = if T3_01 > T3_01[1] then 100 else -100;
def sState2 = if T3_02 > T3_02[1] then 100 else -100;
T3_02.AssignValueColor(if sState2 == 100 then Color.GREEN else Color.RED);
T3_02.setLineWeight(2);
T3_02.HideBubble();
AddLabel(Label, if T3_02 > T3_02[1] then "  B  " else "  B  ", if T3_02 > T3_02[1] then Color.GREEN else Color.RED);


#End of #Tillson T3 Moving Average MTF Edition for ThinkOrSwim
 
diazlaz said:
happy trading!! - let us know what you find! all the best.
Click to expand...
@diazlaz I'm using it on the 15 minute and 3 minutes and I'm using the slope for a directional guide it catches decent size swings, take a look at any futures contract you will see what I mean, let me know what you think.
 
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