TRIX
Triple Exponential Average
Description
TRIX was developed by Jack Hutson of TASC magazine.
TRIX is an oscillator used to identify oversold and overbought markets. A
positive value indicates an overbought market and a negative value indicates an
oversold market. TRIX can also be used as a momentum indicator in which case a
positive value indicates increasing momentum and a negative value indicates
decreasing momentum.
Category
Trend Indicators
Parameters
N ( Default: 12
Min: 3 Max: 100 )
M ( Default: 20
Min: 1 Max: 100 )
Chart Script
TR:= EMA(EMA(EMA(CLOSE,N),N),N);
TRIX :
(TR-REF(TR,1))/REF(TR,1)*100;
TRMA : MA(TRIX,M);