T3 Velocity

"This technical indicator is a kind of rate of change oscillator made of 2 T3 moving average. It compares the momentum of the 2 curves between the current and the previous period. The first curve is calculated upon the period and the complete factor ("vFactor" parameter) and the second one with an half of this factor.

It results a smoothed oscillator that can be traded almost like a MACD. An optional signal line could be added to give clear entries when the oscillator cross it."