Pretty T3 Indicator for MT4 Download – Free – [TradingFinder]

The Pretty T3 Indicator is one of the practical tools in MetaTrader 4 for identifying and tracking market trends.

This trading tool uses a Moving Average (MA) to visually display trend changes. In addition, this Moving Average is also considered a key level for price touches.

Pretty T3 Indicator Specifications Table

The table below includes the specifications and features of the "Pretty T3" indicator:

Pretty T3 Indicator at a Glance

The calculation basis of this indicator is the "Typical Price"; a price derived from the average of the High, Low, and Close of each candle.

When the trend is bullish, the signal line is displayed in blue, and when bearish, the signal line is displayed in red.

Bullish Trend

Based on the NZD/USD chart in the 5-minute timeframe, the change of the indicator line from red to blue indicates the beginning of a bullish trend.

Afterward, price touch points with the signal line are considered suitable entry opportunities for buy trades.

Bearish Trend

According to the Solana (SOL) cryptocurrency chart in the 1-hour timeframe, the signal line shifts from blue to red, indicating the beginning of a bearish trend.

In this condition, price that touches the signal line in the market's direction are considered sell trading opportunities.

Pretty T3 Indicator Settings

The settings of the Pretty T3 Indicator are as follows:

• T3Period: Indicator calculation period
• T3Amp: Smoothing coefficient
• AppliedPrice: Type of price used
• PriceShift: Indicator line shift on the chart
• MaxBars: Maximum number of candles in calculation
• RGBMode: Enable color change mode
• ALERT: Enable alert
• EMAIL: Send alert via email
• NOTIFICATION: Send notification
• MESSAGE_TIMEOUT: Time interval between alerts
• MESSAGE_SUBJECT [Signaler #1]: Alert title

Conclusion

The Pretty T3 Indicator, by using a moving average and smoothing technique, displays the market trend simply and understandably.

The color change of the signal line from blue to red or vice versa is an indication of trend reversal and serves as the main basis for making entry or exit decisions.

In addition to its signaling role, this indicator also acts as a dynamic support and resistance level.