This TriX oscillator analogue is calculated based on five Triple Exponential Moving Averages Oscillator indicators.
All editable variables are implemented as indicator input parameters. However, keep in mind that these variables are interdependent to some extent, so you should adjust them more carefully!
FactorN input variables represent the unit weight of TriX with number N in total indicator value.
Fig.1. The ColorZerolagTriX indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/13213
The TriXCloud indicator with the timeframe selection option available in the input parameters.TriXCloud
Cloud indicator, the envelopes of which represent the TriX oscillator values calculated for High and Low prices.