Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Indicators

JMA TRIX Log - indicator for MetaTrader 5

Mladen Rakic | English Русский 中文 Español Deutsch 日本語

Views:
819
Rating:
votes: 15
Published:
2018.07.31 12:37

TRIX is a momentum oscillator that displays the percent rate of change of a Triple Exponentially Smoothed Moving Average. It was developed in the early 1980's by Jack Hutson, an editor for "Technical Analysis of Stocks and Commodities" magazine. With its triple smoothing, TRIX is designed to filter insignificant price movements.

In his article he uses a logarithm of a price (which is in many versions, left out). This version calculates the TRIX exactly as Jack Hutson described it, but instead of using Exponential Moving Average for smoothing, it uses JMA (Jurik Moving Average - which makes it even smoother than the original) and also it is extremely "fast" in response to market changes.

T3 TRIX Log T3 TRIX Log

TRIX indicator using a logarithm of a price and T3 instead of Exponential Moving Average for smoothing.

TRIX Log TRIX Log

TRIX indicator using a logarithm of a price.

Parabolic Weighted Velocity Parabolic Weighted Velocity

This version of Jurik Velocity extends the original by allowing you to change the "power" of the calculated averages used for velocity calculation.

Parabolic Weighted Moving Average Parabolic Weighted Moving Average

Variation of the Linear Weighted Moving Average where the weights can be changed to form a parabolic curve.