Pmax + T3

Pmax + T3 is a versatile hybrid trend-momentum indicator that overlays two complementary systems on your price chart:

1. Pmax (EMA & ATR “Risk” Zones)

*Calculates two exponential moving averages (Fast EMA & Slow EMA) and plots them to gauge trend direction.

*Highlights “risk zones” behind price as a colored background:

*Green when Fast EMA > Slow EMA (up-trend)

*Red when Fast EMA < Slow EMA (down-trend)

*Yellow when EMAs are close (“flat” zone), helping you avoid choppy markets.

*You can toggle risk-zone highlighting on/off, plus choose to ignore signals in the yellow (neutral) zone.

2. T3 (Triple-Smoothed EMA Momentum)

*Applies three sequential EMA smoothing (the classic “T3” algorithm) to your chosen source (usually close).

*Fills the area between successive T3 curves with up/down colors for a clear visual of momentum shifts.

*Optional neon-glow styling (outer, mid, inner glows) in customizable widths and transparencies for a striking “cyber” look.

*You can highlight T3 movements only when the line is rising (green) or falling (red), or disable movement coloring.

Release Notes

🎉 Emoji Picker – pick from a bunch of fun emojis (🚀, 📈, 🐂, 🔥, 🐻, etc.) for your BUY/SELL labels

📊 2×2 Dashboard – live “Latest Signal” / “Momentum” panel in the top-right corner

🔔 Alert Toggles – turn on/off Buy, Sell, Exit-Long, Exit-Short alerts right from the inputs

🛠️ Organized Inputs – settings now grouped into EMA, T3, Labels, Neon & Alerts for faster tweaking

⚠️ Simple Disclaimer – a “not financial advice” reminder & note on past performance

Release Notes

What’s new in this version:

Label‑Size Controls – Set independent sizes for your Buy, Sell and Exit markers (Tiny/Small/Normal/Large).

Emoji/Text Toggle – Choose classic “BUY/SELL” text or pick from 30+ fun emojis.

MTF Filter – Automatically blocks longs when the higher‑TF EMA trend is down, and blocks shorts when it’s up—so you never fight the bigger trend.

Optional Volume & ADX Guards – Only take signals when volume spikes or ADX confirms a real trend.

Max Signal Cap – Auto‑purges the oldest labels once you hit your limit, keeping your chart clean.

Exit Labels – Turn exit markers on or off and size them separately for total clarity.

Histogram & Zones – Fine‑tune your Δ‑histogram colors and risk‑zone sensitivity to suit your style.

Bottom‑Right Dashboard – Live 2×2 table showing your “Latest Signal” (BUY/SELL) and T3 Momentum (↑/↓).

How it works:

Trend check: Fast EMA crosses Slow EMA → flags a potential entry.

Momentum confirmation: T3 must be rising for longs (or falling for shorts).

Filters (optional): MTF EMA alignment, volume spike, ADX strength, and “no yellow zone” guard all ensure you only take high‑probability setups.

Signal labels & alerts: Visual markers on the chart plus built‑in alert conditions.

Trade smarter, with visual clarity and built‑in safety nets—no fluff, just the essentials. 🚀

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

NICK789

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

NICK789