T3 2Lines
- Indicators
- Version: 1.2
T3 2Lines – Precise Trend Analysis with Dual T3 Moving Averages
“T3 2Lines” is an MT4 indicator that plots two T3 (Triple Exponential Moving Average) lines on your chart—one short-term and one long-term. By combining these two smoother moving averages, traders can gain clearer insights into trend initiation, continuation, and potential reversal zones.
What This Indicator Does
- Displays two T3 moving average lines simultaneously (short and long term)
- Each line has individually configurable period and smoothing factor (b)
- Helps identify trend direction, strength, and retracement levels
- Clean, high-visibility lines for efficient discretionary trading
What is T3?
T3 (Triple Exponential Moving Average) is a technical indicator developed to provide a smoother trend line than traditional EMAs or SMAs. Its unique formula, which chains multiple EMA layers together, reduces market noise and improves trend detection. “T3 2Lines” lets you display both short- and long-term T3 lines for layered market analysis.
Key Use Cases
- Cross Signal: When the short T3 crosses the long T3, it may indicate trend shifts
- Trend Confirmation: Both lines sloping in the same direction can confirm strong trend momentum
- Pullback Entries: Price touching the short T3 may act as entry timing during trend
- Exit Assessment: Long T3 slope may help determine trend exhaustion or weakening
Input Parameters
| Parameter | Description | Default |
|---|---|---|
| ShortPeriod | Period of the short-term T3 | 14 |
| Short_b | Smoothing factor for short T3 (0.0 to 1.0) | 0.7 |
| LongPeriod | Period of the long-term T3 | 42 |
| Long_b | Smoothing factor for long T3 (0.0 to 1.0) | 0.7 |
Display Settings
- Short T3: red line
- Long T3: blue line
- Displayed in the main chart window (not subwindow)
- Style: smooth line graph (DRAW_LINE)
Performance Optimization
This indicator uses recursive EMA calculation instead of heavy built-in functions like iMAOnArray, which significantly reduces processing load. Even on large history data, the indicator performs smoothly without freezing MT4.
Notes
- This tool is designed to assist in trend evaluation and should not be solely relied upon for entry/exit decisions.
- For best accuracy, use with other filters or confirm with higher timeframes.
Planned Features (Upcoming Updates)
- Arrow signals for T3 crossovers
- Line color changes based on trend direction
- Built-in alerts (pop-up, sound, email, mobile notifications)
Recommended For
- Traders who prefer smoother trend indicators with reduced noise
- Users seeking combined short/long-term trend overlays
- Multi-timeframe discretionary traders
Developer
TOKYO‑EA provides high-quality and stable custom indicators and expert advisors (EAs) for both beginner and advanced traders, completely free of charge.
