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At 1:16 PM -0500 3/21/01, M. Simms wrote:
>Baloney....T3 is very slow reacting.......HIGH LAG !
>The lookback length must be approximately HALF of that of the one used in a
>JMA plot to come even close.
At 12:30 PM -0700 3/21/01, Gary Fritz wrote:
>That's because the "length" inputs do not mean the same thing on the
>two functions.
Gary is correct.
The lag of the T3Average is a complex function of the input called
"Period" so you have to experiment with the value to compare the lag
vs smoothing. Just setting the inputs to the same value is not a good
comparison.
I have done extensive testing of these averages and believe that
Tillson's T3Average is the best "free" average that I have seen to
date when it comes to trading off lag and smoothing.
Bob Fulks
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