Available translations

TRIX Indicator

Summary: The Triple Exponential Average (TRIX) indicator is a momentum oscillator used to identify oversold and overbought markets.
TRIX the Charts
According to investopedia, this indicator calculates a triple exponential moving average (EMA) of the log of the price input over a period of time. This produces a percentage change in a moving average that has been smoothed exponentially three times. It produces signals similar in nature to the Moving Average Convergence-Divergence (MACD) indicator.
Key concepts:
  • Excellent filter of market noise and can identify oversold and overbought markets
  • Can be considered as a leading indicator
The parameters of the TRIX can be changed by locating and opening the Javascript Code under Data Building Procedure -> Procedure Loop under "TRIX" Product Definition.
TRIX Products & Properties
Product Setting Product Variable Properties
TRIX trix value, signal
A simple strategy can be built by entering a trade when the TRIX value crosses above the signal line when below zero:
 chart.at01hs.trix.value > chart.at01hs.trix.signal && chart.at01hs.trix.value < 0
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