Coral T3 Triple Exponential Moving Average for Intraday Trend Filtering

Summary

The document presents a Coral T3 indicator built from six successive exponential averages and a coefficient-based combination of later averages. It applies the same calculation separately to close, high, and low prices, producing a central line and upper and lower lines. A period, a smoothing coefficient, and a shift are configurable inputs. The author describes it as potentially useful for intraday trend filtering, but provides no formal entry, exit, or position-sizing rules.

The material includes indicator code and a brief qualitative impression, not a backtest, performance statistics, or comparison with other filters. The author says they have not explored the parameters enough to judge the indicator thoroughly, and the code’s original source is uncertain. It should therefore be treated as an exploratory charting method rather than evidence of a validated trading edge; the document does not discuss markets, transaction costs, or risk controls.

Key ideas

• The indicator combines six successive exponential averages using coefficients derived from a smoothing parameter.
• It applies the calculation to close, high, and low prices to produce three related lines.
• The author suggests using the output as an intraday trend filter but supplies no complete trading rules.
• The document offers no performance testing and reports limited parameter exploration.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.