TRIX indicator: A percent rate-ofchange indicator of a triple smoothed
exponential moving average (EMA). The TRIX is a momentum indicator
that can identify trend changes. The calculation is as follows:
1. Take an n-period exponential moving average of price.
2. Take an n-period EMA of the value from #1.
3. Take an n-period EMA of the value from #2.
Positive values typically indicate an uptrend, while negative values indicate
a downtrend. Traders also calculate a signal line of the TRIX by taking
a shorter-term simple moving average of it. When its signal line crosses
above the TRIX, market conditions are bullish, and when the signal line
crosses below the TRIX, market conditions are bearish.
i read about it in a trading magazine.
if no one knows about it, can anyone program such an indicator ?
exponential moving average (EMA). The TRIX is a momentum indicator
that can identify trend changes. The calculation is as follows:
1. Take an n-period exponential moving average of price.
2. Take an n-period EMA of the value from #1.
3. Take an n-period EMA of the value from #2.
Positive values typically indicate an uptrend, while negative values indicate
a downtrend. Traders also calculate a signal line of the TRIX by taking
a shorter-term simple moving average of it. When its signal line crosses
above the TRIX, market conditions are bullish, and when the signal line
crosses below the TRIX, market conditions are bearish.
i read about it in a trading magazine.
if no one knows about it, can anyone program such an indicator ?
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