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Tillson T3 Velocity Channels
Tillson T3 Velocity Channels
The Tillson T3 Velocity Channels is an advanced trend-following and volatility-tracking tool that integrates the legendary Tim Tillson T3 smoothing algorithm with dynamic Fibonacci-based bands. Unlike standard moving averages, the T3 formula offers a "near-zero lag" response while maintaining a smooth trajectory, allowing traders to identify trend shifts earlier and with higher precision.
🚀 Key Features
* T3 Core Logic: Utilizes the triple-exponential smoothing calculation to provide a cleaner trend line compared to traditional EMAs or SMAs.
* Dynamic Fibonacci Channels: Features 5 upper and 5 lower bands plotted at Fibonacci ratios (0.236, 0.382, 0.500, 0.618, 0.786). These serve as dynamic support/resistance and trend extension targets.
* Dual Calculation Modes: * ATR Mode: Channels expand and contract based on market volatility.
* Percent Mode: Channels maintain a width relative to the T3 price value.
* Entry Confirmation Filters: * Volume Filter: Only confirms trend changes when volume is above its moving average.
* RSI Filter: Ensures the trend aligns with momentum (Green only if RSI > 50, Red only if RSI < 50).
* Visual Enhancements: Includes bar coloring and cloud fills (ribbons) for instant visual recognition of market sentiment.
🛠️ How to Use
1. Trend Identification: * Green: Bullish momentum is confirmed.
* Red: Bearish momentum is confirmed.
* Gray: Neutral or unconfirmed trend (filters not met).
2. Exhaustion & Reversals: When the price reaches the outermost bands (U5 or L5), it indicates an overextended market. Watch for price action signals to anticipate a mean reversion toward the center T3 line.
3. Volatility Breakouts: In ATR mode, a sudden widening of the channels often precedes a high-velocity price move.
⚙️ Settings
* T3 Period & VFactor: Adjust the speed and smoothness. A VFactor of 0.7 is the standard default for the best balance.
* Channel Multiplier: Scale the overall width of the entire channel system.
* Filters: Toggle Volume and RSI filters on/off to suit your trading style (Scalping vs. Swing Trading).
📌 Credits
- Original T3 Logic: Tim Tillson
- Pine Script Logic: KivancOzbilgic
- Velocity Concept: gunebak4n
Disclaimer: Trading involves significant risk. Always use proper risk management and combine this indicator with other forms of analysis.
The Tillson T3 Velocity Channels is an advanced trend-following and volatility-tracking tool that integrates the legendary Tim Tillson T3 smoothing algorithm with dynamic Fibonacci-based bands. Unlike standard moving averages, the T3 formula offers a "near-zero lag" response while maintaining a smooth trajectory, allowing traders to identify trend shifts earlier and with higher precision.
🚀 Key Features
* T3 Core Logic: Utilizes the triple-exponential smoothing calculation to provide a cleaner trend line compared to traditional EMAs or SMAs.
* Dynamic Fibonacci Channels: Features 5 upper and 5 lower bands plotted at Fibonacci ratios (0.236, 0.382, 0.500, 0.618, 0.786). These serve as dynamic support/resistance and trend extension targets.
* Dual Calculation Modes: * ATR Mode: Channels expand and contract based on market volatility.
* Percent Mode: Channels maintain a width relative to the T3 price value.
* Entry Confirmation Filters: * Volume Filter: Only confirms trend changes when volume is above its moving average.
* RSI Filter: Ensures the trend aligns with momentum (Green only if RSI > 50, Red only if RSI < 50).
* Visual Enhancements: Includes bar coloring and cloud fills (ribbons) for instant visual recognition of market sentiment.
🛠️ How to Use
1. Trend Identification: * Green: Bullish momentum is confirmed.
* Red: Bearish momentum is confirmed.
* Gray: Neutral or unconfirmed trend (filters not met).
2. Exhaustion & Reversals: When the price reaches the outermost bands (U5 or L5), it indicates an overextended market. Watch for price action signals to anticipate a mean reversion toward the center T3 line.
3. Volatility Breakouts: In ATR mode, a sudden widening of the channels often precedes a high-velocity price move.
⚙️ Settings
* T3 Period & VFactor: Adjust the speed and smoothness. A VFactor of 0.7 is the standard default for the best balance.
* Channel Multiplier: Scale the overall width of the entire channel system.
* Filters: Toggle Volume and RSI filters on/off to suit your trading style (Scalping vs. Swing Trading).
📌 Credits
- Original T3 Logic: Tim Tillson
- Pine Script Logic: KivancOzbilgic
- Velocity Concept: gunebak4n
Disclaimer: Trading involves significant risk. Always use proper risk management and combine this indicator with other forms of analysis.
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免責事項
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オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。