It combines T3 exponential moving averages as well as a normal exponential moving average.
There is fast ones for scalp trades and then the slow ones for a more overall trend direction.
Combining both of them should give quite a clear overview of the trend and when it is about to end or when the risk is increasing.
I recommend that you play around with it and try it on different timeframes. You can also try to change around the values of the ema's.
For more information about me or my indicators you can visit my website: mikul.se
You can find all my free indicators there on my website.
This indicator is totally free as freedom and as in free beer!
I do this for myself, but I like sharing and I want everyone to have the ability to use what I make no matter your economic situation.
If you have the possibility and like my work, then please consider a small donation.
USDT( TRC ): TVD3SBDF4wcCa5J4pDEQq7WgXkHyPMHuAL
ETH (ERC20): 0xb392f5f58bd10de374736ac337cfd9635cd92d20
XRP MEMO: 102109716
If you have any questions or suggestions please feel free to contact me. Either on my email or on my discord channel discord.gg/W7Y68nV
For more information about T3 moving averages you can visit this link:
- Added description for all the settings with a few examples as well.
- Added an extra EMA that can be toggled in the style settings. It can be used when testing or if you perhaps want an overall trend direction such as a 200 EMA.
- Changed the opacity on the trend and fast bands to make it more clear.
I hope you all like the changes and find settings that work for you. If you find anything good then please don't be shy to share.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.