T3 Super Guppy — Indicator by waifuGod

supportandresistance movingaverage trendanalysis t3movingaverage ribbon

A Tillson T3 moving average implemented variation of the CM Super Guppy indicator by @FritzMurphy

The T3 moving average was developed by Tom Tilson which combines multiple EMAs into a single moving average. it is smoother and more responsive compared to traditional moving averages. The disadvantage is that it can overshoot price.

█ Description

T3 Super Guppy consists of 20 T3 moving averages:
• 7 fast T3 MAs
• 13 slow T3 MAs

Visuals:
• Compact view available for chart minimalists
• In compact view only 10 of the fastest T3 moving averages will be displayed
• Compact view will not affect how the colour scales with trend movement
• Ribbon transparency will automatically scale based on the display mode chosen

Colour Gradient
• The more T3 MAs that cross above or below their slower counterparts will result in how deep the chosen upTrend(Blue) or downTrend(Red) colour is displayed
• Helps to spot weakening trends or reversal signals when indicator colour starts converging into the opposite colour
• Single colour mode is available if you find the colour gradient distracting

█ Credits

@ChrisMoody original guppy idea:

@FritzMurphy super guppy format:

█ Examples

compact view:

full view:

Open-source script

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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