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T3Slope

Hello Traders, a trader that downloaded the EMASlope indicator asked if the same slope color scheme could be added to the T3 indicator. The T3 is considered a swing indicator which is suitable for all timeframes and trading instruments including forex, stocks, commodities, cryptocurrencies, indices, etc. Presented in 1998 by Tim Tillson, it is also known as the Tillson Moving Average. It was developed to minimize false signals that are common with other MA's... Some traders trade PA above/below, and the more conservative will trade with the slope and PA above/below

Shown is the T3Slope with Period = 55, Tcount 7 and VFactor0.7 on a 144Tick YM Chart.
The slope color in this case, changes at +/-15 degrees and +-45 degrees. The colors can be selected to only change for upslope and downslope or for degress as shown. The background can be set to show slope dependent color and opacity. There is also a button to disable the indicator located on the Time axis. The button has the indicator name and Period on its face. Also there is a label in the right margin that colors with the indicator. All parameters are user selectable

Give it a spin and leave a comment...
Trade Well
Bob

Category NinjaTrader 8 Indicators and More

Details: T3Slope
Category: NinjaTrader 8 Indicators and More

March 6th, 2021
Size: 6.86 KB
Downloaded: 478 times

Comments/ratings

bcomas March 7th, 2021 04:23 PM

Many thanks for share it. Another good tool to battle the markets

VictorK March 8th, 2021 10:37 AM

No Comment

manny1 March 8th, 2021 05:25 PM

Thanks for this great indicator.

TimeTrader March 8th, 2021 05:47 PM

Thanks Bob... Wonderful!

QueTerm March 9th, 2021 01:58 PM

No Comment

geronimo72 April 1st, 2021 06:13 AM

Thanks

racecarjw January 10th, 2022 06:58 PM

Thanks for sharing your thoughtful work.

OptiTrader February 7th, 2022 02:16 PM

No Comment

racecarjw December 1st, 2022 01:18 PM

Thanks bobc for another thoughtful indicator that you shared with us.