Pretty T3 Indicator for MT5 Download – Free – [TradingFinder]

The Pretty T3 Indicator is one of the widely used tools in the MetaTrader 5 platform that identifies the direction and strength of market trends.

This indicator is designed based on a moving average, and with line color changes, it displays trend changes simply and visibly on the chart.

In addition, the same moving average line serves as a key technical level, used as a zone for price reactions and touches.

Pretty T3 Indicator Specifications Table

The specifications of the "Pretty T3" indicator are as follows:

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 market is bullish, the signal line appears in blue, and during a bearish trend, this line is displayed in red.

Bullish Trend

According to the EUR/CAD chart in the 30-minute timeframe, the color change of the signal line from red to blue is considered an indication of the beginning of a bullish trend.

After this change, price touches with the signal line are regarded as key zones and can be considered suitable opportunities for entering buy trades.

Bearish Trend

Based on the EUR/JPY chart in the 1-hour timeframe, the change of the signal line color from blue to red indicates the start of a bearish trend.

In such a situation, price that touches the signal line in line with the prevailing market direction are regarded as suitable opportunities for entering sell trades.

Pretty T3 Indicator Settings

The adjustable parameters in 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 a smoothing process, displays the market condition clearly and understandably on the chart.

The signal line color change from blue to red or vice versa indicates a change in trend direction and serves as the main guide for decision making on trade entries or exits.

In addition to providing trading signals, this tool also acts as a dynamic support and resistance level, and price reactions to it are of great importance.