OPEN-SOURCE SCRIPT
Tilson T3
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Developed by Tim Tillson, the T3 Moving Average is considered superior to traditional moving averages as it is smoother, more responsive and thus performs better in ranging market conditions as well. However, it bears the disadvantage of overshooting the price as it attempts to realign itself to current market conditions (tradingpedia.com/forex-trading-indicators/t3-moving-average-indicator/).
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