T3 Anchored Momentum Oscillator from Fast and Slow Tilson Averages

Summary

T3_iAnchMom is a non-normalized momentum oscillator displayed as colored dots. Its calculation compares fast and slow Tilson averages on each bar: it expresses the fast average’s deviation from the slow average as a percentage of the slow average. The formula therefore provides a relative measure of separation between the two smoothed price series, rather than a normalized oscillator bounded to a fixed range.

The document identifies Tilson averaging as the smoothing method and notes that the original indicator was written in MQL4 before publication in 2007. Its implementation depends on a smoothing-algorithms library placed in the platform’s include folder. The description offers no interpretation rules for dot colors, thresholds, or trade entries and exits, and it presents no backtest or performance evidence. It explains how the indicator is formed, but additional research is needed to assess its signals and practical use.

Key ideas

• The indicator displays a non-normalized momentum oscillator as colored dots.
• It measures the percentage difference between fast and slow Tilson averages.
• The calculation compares smoothed price values on each bar.
• The source gives no trading rules or evidence of performance.

Tags

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