T3 Line AM

This indicator is a moving average built using the triple exponential smoothing method (T3).

The indicator is part of a series of indicators - T3 Line AM, T3 Momentum AM, T3 Candles AM, T3 Signal AM.

The indicator has minimal lag and allows you to effectively follow the trend direction.

The indicator is not redrawn on fully formed bars.

The indicator is supplemented with signals and notifications to the terminal and e-mail.

The application of the indicator is identical to the application of the standard moving average and the main ones are two types of signals:

1. Changing the direction of the moving average (most often effective on periods of less than 1 hour);

1.1. If on the penultimate bar the line is directed upward or horizontal, and on the last formed bar it is directed downward - a sell signal;

1.2. If on the penultimate bar the line is directed down or horizontal, and on the last formed bar it is directed upwards - a buy signal;

2. Change in the location of the closing price relative to the moving average (most often effective for periods of 1 hour or more).

2.1. If the closing price on the penultimate bar is higher than or equal to the indicator line, and on the last bar below the indicator line - a sell signal;

2.2. If the closing price on the penultimate bar is below or equal to the indicator line, and on the last bar below the indicator line - a buy signal.

--- Signals against the long-term trend are only used to close previously open positions. ---

--- Confirmation of the signal is the overcoming by the price of the high/low of the bar on which the signal was given. ---