T3MA-MTF
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This script is a specialized technical analysis tool designed for trading platforms to help visualize market trends using a "Triple Moving Average" (T3MA). Unlike standard moving averages that can sometimes lag behind current price action, this specific logic is engineered to provide a smoother, more responsive curve that attempts to reduce those delays while maintaining clarity.
The core functionality of the script can be broken down into three primary components:
1. Multi-Timeframe Integration One of the most powerful features of this tool is its ability to "look" at different timeframes simultaneously. While you are viewing a small price chart (like 5-minute intervals), the script can calculate and display data from a larger timeframe (like 4-hour or Daily charts). This allows traders to see the "big picture" trend without having to constantly switch back and forth between different windows.
2. Complex Mathematical Smoothing (The T3MA Logic) Instead of simply averaging the last few price points once, the script performs a sophisticated multi-layered calculation:
- It first calculates several layers of Exponential Moving Averages (EMA) on top of one another.
- It then applies a specific mathematical formula involving a "Volume Factor." This factor acts as a weight that determines how much the indicator prioritizes certain data points to smooth out the line.
- The result is a curve that follows the price more closely than a traditional moving average but remains much "cleaner" and less jagged, helping traders identify trend reversals more reliably.
3. Visual & User Interface Elements To make the data easy to read for the user, the script includes several automated organizational features:
- Dynamic Labeling: It automatically places a text label on your chart identifying which timeframe and period are currently being displayed.
- Unique ID Management: If you load multiple versions of this indicator on one screen, the script assigns unique IDs to each one. This prevents them from overlapping or conflicting with each other.
- Customizable Positioning: Users can choose which corner of the chart the information should appear in and adjust the vertical spacing to keep the workspace organized.
Summary for the User Essentially, this tool acts as a high-precision trend filter. It takes raw price data from a timeframe of your choosing, processes it through multiple layers of smoothing math to remove "noise," and paints a clean line on your chart. This helps you stay aligned with the dominant market direction while filtering out minor, insignificant price fluctuations.
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T3MA-MTF
//+------------------------------------------------------------------+
//| T3MA.mq4 |
//| Copyright © 2005, Nick Bilak |
//| http://www.forex-tsd.com/ |
//| modified for VolumeFactor by: ben |
//| thanks to Bilak |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, Nick Bilak"
#property link "http://www.forex-tsd.com/"
#define vers "08.Feb.2008"
#define major 1
#define minor 1
// --- Release Notes ----
// 08-Feb-08 - original work T3MA by Nick Bilak, Modified to a MTF version by Tim Hyder
//---- indicator settings
#property indicator_chart_window
#property indicator_buffers 1
#property indicator_color1 Yellow
#property indicator_width1 2
//---- indicator parameters
extern string NOTE1 = " --- T3MA MTF Settings ---";
extern string NOTE2 = "Enter 0 to display current TF";
extern int TimeFrame = 0;
extern string NOTE3 = "Increase by 1 for each indicator loaded";
extern int Unique = 1;
extern int MaxBars = 500;
extern string NOTE4 = "Moving Average";
extern int Periods = 3; //12
extern double VolumeFactor = 0.7; //0.8
extern string note5 = "change color in the Colors area too";
extern color MAcolor1 = Yellow;
extern string note6 = "Display the info in what corner?";
extern string note7 = "Upper left=0; Upper right=1";
extern string note8 = "Lower left=2; Lower right=3";
extern int WhatCorner=0;
extern string note9 = "Y distance - Positions description label";
extern int ydistance1=10;
//---- indicator buffers
double e1[];
double e2[];
double e3[];
double e4[];
double e5[];
double e6[];
double e7[];
double e8[];
string objectma1;
int TFrame;
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
string IntToStr(int X)
{
return (DoubleToStr(X, 0));
}
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
IndicatorBuffers(8);
//---- drawing settings
SetIndexStyle(0,DRAW_LINE,STYLE_SOLID);
SetIndexEmptyValue(0,0.0);
SetIndexDrawBegin(0,Periods);
if(
!SetIndexBuffer(0,e8) &&
!SetIndexBuffer(1,e7) &&
!SetIndexBuffer(2,e2) &&
!SetIndexBuffer(3,e3) &&
!SetIndexBuffer(4,e4) &&
!SetIndexBuffer(5,e5) &&
!SetIndexBuffer(6,e6) &&
!SetIndexBuffer(7,e1)
)
Print("cannot set indicator buffers!");
//Verify Time Values entered are good
TFrame = CheckTimeFrame(TimeFrame);
//---- initialization done
if ((WhatCorner == 2) || (WhatCorner == 3)) ydistance1 = 15+ydistance1;
ydistance1 = ydistance1 + (Unique*15);
objectma1 = "MTFT3"+IntToStr(Periods)+Unique;
ObjectCreate(objectma1, OBJ_LABEL, 0, 0, 0);
ObjectSetText(objectma1, "MTF T3 ("+Periods+"), TF: " + TF2Str(TFrame), 8, "Arial", MAcolor1);
ObjectSet(objectma1, OBJPROP_CORNER, WhatCorner);
ObjectSet(objectma1, OBJPROP_XDISTANCE, 4);
ObjectSet(objectma1, OBJPROP_YDISTANCE, ydistance1);
//---- name for DataWindow and indicator subwindow label
IndicatorShortName("MTFT3("+Periods+") " + Unique);
return(0);
}
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
int deinit()
{
ObjectDelete(objectma1);
return(0);
}
//+------------------------------------------------------------------+
//| Moving Average of Oscillator |
//+------------------------------------------------------------------+
int start()
{
int i,limit,y=0;
datetime TimeArray[];
int counted_bars=IndicatorCounted();
//---- check for possible errors
if (counted_bars < 0) return(-1);
//---- the last counted bar will be recounted
if (counted_bars > 0) counted_bars--;
limit = Bars - counted_bars;
limit = MathMin(limit, MaxBars);
//-------------------------------1----------------------------------------
// Plot defined time frame on to current time frame
ArrayCopySeries(TimeArray,MODE_TIME,Symbol(),TimeFrame);
for(i=0,y=0;i<limit;i++)
{
if (Time[i]<TimeArray[y]) y++;
/***********************************************************
Add your main indicator loop below. You can reference an existing
indicator with its iName or iCustom.
Rule 1: Add extern inputs above for all neccesary values
Rule 2: Use 'TFrame' for the indicator time frame
Rule 3: Use 'y' for your indicator's shift value
**********************************************************/
e8[i] = MTFT3(TimeFrame,y,limit);
}
//---- done
return(0);
}
double MTFT3(int TF, int Bar, int BarCount)
{
int i;
//---- main loop
for(i=BarCount; i>=Bar; i--)
{
e1[i]=iMA(NULL,TF,Periods,0,MODE_EMA,PRICE_CLOSE,i);
}
for(i=BarCount; i>=Bar; i--)
{
e2[i]=iMAOnArray(e1,0,Periods,0,MODE_EMA,i);
}
for(i=BarCount; i>=Bar; i--)
{
e3[i]=iMAOnArray(e2,0,Periods,0,MODE_EMA,i);
}
for(i=BarCount; i>=Bar; i--)
{
e4[i]=iMAOnArray(e3,0,Periods,0,MODE_EMA,i);
}
for(i=BarCount; i>=Bar; i--)
{
e5[i]=iMAOnArray(e4,0,Periods,0,MODE_EMA,i);
}
double a= VolumeFactor; //0.8;
double c1=-a*a*a;
double c2=3*a*a+3*a*a*a;
double c3=-6*a*a-3*a-3*a*a*a;
double c4=1+3*a+a*a*a+3*a*a;
//T3MA=c1*e6+c2*e5+c3*e4+c4*e3;
for(i=BarCount; i>=Bar; i--)
{
e6[i]=iMAOnArray(e5,0,Periods,0,MODE_EMA,i);
e7[i]=c1*e6[i]+c2*e5[i]+c3*e4[i]+c4*e3[i];
}
return(e7[Bar]);
}
string TF2Str(int period)
{
switch (period)
{
case PERIOD_M1: return("M1");
case PERIOD_M5: return("M5");
case PERIOD_M15: return("M15");
case PERIOD_M30: return("M30");
case PERIOD_H1: return("H1");
case PERIOD_H4: return("H4");
case PERIOD_D1: return("D1");
case PERIOD_W1: return("W1");
case PERIOD_MN1: return("MN");
}
return (Period());
}
int CheckTimeFrame(int TimeFrame)
{
int result;
//If first time frame = 0 then default to currently displayed time frame
if (TimeFrame == 0 || TimeFrame < Period())
result = Period();
else
{
switch(TimeFrame)
{
case 1 : result = PERIOD_M1; break;
case 5 : result = PERIOD_M5; break;
case 15 : result = PERIOD_M15; break;
case 30 : result = PERIOD_M30; break;
case 60 : result = PERIOD_H1; break;
case 240 : result = PERIOD_H4; break;
case 1440 : result = PERIOD_D1; break;
case 7200 : result = PERIOD_W1; break;
case 28800: result = PERIOD_MN1; break;
default : result = Period(); break; //Error so return current period
}
}
return(result);
}
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