T3 is a powerful
VertexFX client side VTL indicator that is helpful in identifying the start and
end of trending markets.
It is based upon six smoothed moving averages
using MA PERIOD 1, MA PERIOD 2, MA PERIOD 3, MA PERIOD 4, MA PERIOD 5, MA
PERIOD 6 respectively.
The concept behind the indicator is that when
the six components move in the same direction, and are aligned directionally
above each other, or below each other, by their periods, then the trend is
confirmed in that direction.
In the first step, we calculate the six moving averages based on upon the specified six periods. In the next step, we smooth these six moving averages using the smoothing constant B to generate the six components of the indicator.
Buy: Place Buy
trade when YELLOW line is above RED line, and RED line is above MAGENTA line,
and MAGENTA line is above CYAN line, and CYAN line is above GREEN line, and
GREEN line is above BLUE line. Stop-loss can be placed below the nearest swing
Low.
Sell: Place Sell
trade when YELLOW line is below RED line, and RED line is below MAGENTA line,
and MAGENTA line is below CYAN line, and CYAN line is below GREEN line, and
GREEN line is below BLUE line. Stop-loss can be placed above the nearest swing
High
To use T3 indicator
download it from here, then place it at VertexFX VTL directory:
C:\ProgramData\VertexFX
Client Terminals\"Company name"\VTL10\Local VTL Scripts
Then right click on
the tree and select refresh or restart your client station and you will find
under VTL local scripts in your client
terminal.
You can check this
video that talks about T3 indicator: