T3 - Adaptive Smoothing Indicator T3 is an adaptive moving average. It tracks the time series more aggressively when making large moves. It is discussed in the Stocks and Commodities article "Smoothing Techniques For More Accurate Signals" V16:1 (33-37) by Tim Tillson.
Here is a short technical def: T3 plots a smoothed moving average line whose value falls anywhere between the double exponential moving average calculation (DEMA) and an exponential moving average (EMA). IE/2 plots a moving average that is derived from evenly splitting a combination of the integral of the linear regression slope (ILRS) and the endpoint moving average (EPMA). Both indicators include a basic alert criteria that is triggered when the close crosses above/below the smooth plotted value.
Quotetracker can add the T3s to any chart minute or tick chart and it gives crossovers for buys and sells. They are great for scalping.
I use 3 lines: a 3, 5, & 8 and use a short time frame to get in like a 5 or 10 tick chart....and then a longer time frame on the exit, like 30 tick, (to avoid whipsaws). the timeframe is very dependent on a stocks liquidity (volume rate)
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