Adding the histogram has turned the trix into a 'MACD' style indicator.
The difference between a MACD and Trix (with histo) is that the trix version uses 'triple smoothed exponential' moving averages whereas a standard MACD uses Exponential moving averages.
If you learn about MACD you will get understanding of the Trix+Histo.
Put simply, the histogram height is the difference between fast trix and slow trix. So the histogram increases (positively or negatively) when the fast trix and slow trix have an increasing angle.
The difference between a MACD and Trix (with histo) is that the trix version uses 'triple smoothed exponential' moving averages whereas a standard MACD uses Exponential moving averages.
If you learn about MACD you will get understanding of the Trix+Histo.
Put simply, the histogram height is the difference between fast trix and slow trix. So the histogram increases (positively or negatively) when the fast trix and slow trix have an increasing angle.
DislikedHi Strat,
There is little description on how to use the trxi histogram, did some search in THV thread but couldnt find the right direction, anyone can direct me to the right place?
Tks alot
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