no-lag-Triple exponential Moving average(t3) based on heiken ashi values

hi, i read an article in stocks and commodities about the ultimate MA crossover method and it calls for the use of the Triple exponential moving average ( which can be found everywhere it is named t3. i will post some versions of it) . that has then been made no lag and it uses the data from heiken ashi bars instead of normal bars to make it extremely smoothed. accoring to the article this is the ultimate MA.

if anyone can make this MA or has one please post it. they gave the formula to make it but not for metatrader. if anyone can tranlate the formula from 1 platform to another tell me and i will post the formula required to amke this indicator in that program. the programs that i have the formula for the "Zero-lag TEMA (triple exponential moving average) based on heiken ashi values" are as follows:
-Metastock
-TradeStation
-eSignal
-AmiBroker
-CQG
-Wealth-Lab
-NeuroshellTrader
-Blocks
-AspenGraphics
-StrataSearch
-AIQ
-NinjaTrader
-TDAmeritrade
-Tickquest Neoticker
-Gensis
-TradingSolution
-MrSwing
-VT Trader for CMS

obviously i want this indicator for MT4, and once i get this indicator i will design a trading system with it and make it public

Sincerly,
A to the LEX

P.S From what i have been told, the indicator i posted entitled "T3" may have a problem with it so if you are going to try one that i posted mabye try the other two?

do you have an example of what the output should look like? Heiken Ashi bars contain 4 components, 2 for making the wick and 2 for making the bar. Do you use the highest value, lowest value, or what to create your indicator.

Price is the only "no-lag" any thing.

It’s true that the greater the lag, the less responsive the indicator is to sudden price moves, and the later the entry signal occurs. But a later entry into a move is not necessarily inferior, as it provides greater confirmation that a reversal has occurred. The compromise is this: as a general rule, early entry results in higher win size, but lower win rate; later entry the reverse. This of course assumes that both use the same exit method.

Improving smoothness does reduce the risk of "false" signals caused by zigzagging, but it should be remembered that indicators are derived from price (they are a symptom, not a cause), and that price is the result of order flow created by sentiment. Hence "false signals" – an unexpected reversal, or an anticipated reversal that goes nowhere – are ultimately the result of sentiment, not the result of any lack of smoothness.

Some years ago I looked at a proprietary indicator suite developed by Mark Jurik, which he claimed was superior to Tillson’s T3: greater accuracy (closeness to the original data), less lag (earlier signals), improved smoothness (less "random" zigzagging), and lower overshoot (overshoot creates false signals when price changes direction suddenly). For anybody, that’s interested: http://www.jurikres.com/down/product_guide_.pdf
[Note to moderators: I have never contacted Mr Jurik, and have no financial affiliation to any of his research or products. I am not endorsing any of his products here]

All of this reads very promisingly. However, I ran some profitability tests (albeit on stock indices rather than forex charts) on T3 versus smoothed (standard) EMAs, and satisfied myself that any benefits offered by the T3 were not great enough to be statistically significant.

Heikin-Ashi itself is an averaging process that introduces lag. Indicators or studies that summarize past data (e.g. MAs, Heikin-Ashi, longer TF candles) employ much the same process, and create the same "inertia" as integral calculus. The less recent the data being summarized, the greater the lag factor.

Conversely, indicators that are billed as leading (e.g. oscillators like RSI, Stochastic) take differences, which calculates rate of change (acceleration/deceleration) and is hence akin to differential calculus. Hence they can cause false reversal signals, the result of their being "over-responsive" to mere decelerations during a move.

MACD is a good example of a "hybrid" that employs both processes. The two EMAs (12 and 26) introduce lag, but taking the difference between the two offsets this. Then the EMA(9) used to create the signal line introduces a second lag, but taking the difference between MACD and the signal line to create the histogram again offests this. The result is a smoothed version of price that essentially operates much the same as the "fancy" Jurik or T3 indicators.

David

Hi David.
Is this along the lines of what you are looking for ?

http://www.forex-tsd.com/indicators-...-lag-tema.html


Mart

Mart, thanks for the link.

Interesting to see the original poster's screenshot: the smoothed average appears to lag the price movement considerably. Probably largely due to the Heikin-Ashi process.

David

wow i love you, how did i not find this before.

shall i fellate you now or later.

Heiken-ashi Zero-lag Tema for the lazy
http://www.forex-tsd.com/204875-post16.html

Hello. Just came across this old message requesting a MT4 inid that implements T3 on HA candles. Did you ever find such an indi? If not, are you still interested in finding such an indi?

Hi, i need a indicator who can show the value of current MA on chart.
as example if i attached 2 MA on chart ( 13 ema and 50 EMA)
it should show the value of each MA on chart.

if anyone can help me out from this.
thanks in ADvance.