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Earlier this week
there was some discussion regarding the Tilson T3 indicator. I am sorry but do
not recall who initiated the thread nor who originally posted the code. After a
bit of experimenting I found it to be an interesting moving average. I found it
easier to play with as a function than in its raw form. Here it is. To call it
just use T3(price,periods) as in T3(c,50). You can of course substitute your
favorite indicator for price such as T3(rsi(14),20) .......
Regards,
Jayson
function<FONT color=#282828
size=2> T3(price,periods)
{
s = <FONT face=Arial
size=2>0.84<FONT face=Arial
color=#000000>;
e1=<FONT face=Arial
size=2>EMA<FONT face=Arial
color=#000000>(price,periods);
e2=<FONT face=Arial
size=2>EMA<FONT face=Arial
color=#000000>(e1,Periods);
e3=<FONT face=Arial
size=2>EMA<FONT face=Arial
color=#000000>(e2,Periods);
e4=<FONT face=Arial
size=2>EMA<FONT face=Arial
color=#000000>(e3,Periods);
e5=<FONT face=Arial
size=2>EMA<FONT face=Arial
color=#000000>(e4,Periods);
e6=<FONT face=Arial
size=2>EMA<FONT face=Arial
color=#000000>(e5,Periods);
c1=-s*s*s;
c2=<FONT
size=2>3*s*s+3<FONT
color=#282828 size=2>*s*s*s;
c3=-<FONT
size=2>6*s*s-3<FONT
size=2>*s-3<FONT
face=Arial color=#000000>*s*s*s;
c4=<FONT
size=2>1+3<FONT
size=2>*s+s*s*s+3<FONT color=#282828
size=2>*s*s;
<FONT face=Arial
color=#000000>Ti3=c1*e6+c2*e5+c3*e4+c4*e3;<FONT
color=#800000 size=2>
return<FONT color=#282828
size=2> ti3;
}<FONT color=#0000ff
size=2>
Plot<FONT
size=2>(C<FONT
size=2>,"",<FONT
size=2>4,64<FONT
color=#282828 size=2>);<FONT
color=#0000ff size=2>
Plot<FONT
size=2>(T3(C<FONT
size=2>,50),<FONT
size=2>"T3",<FONT
size=2>colorYellow,<FONT
size=2>1<FONT face=Arial
color=#000000>);
Plot<FONT face=Arial
size=2>(t3(C<FONT face=Arial
size=2>,20<FONT face=Arial
size=2>),"T3"<FONT face=Arial
size=2>,colorBlue<FONT face=Arial
size=2>,1<FONT face=Arial color=#282828
size=2>);
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