Watch how to download trading robots for free
Find us on Facebook!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
TRIX candles - indicator for MetaTrader 5
- Views:
- 5957
- Rating:
- Published:
- 2018.11.06 21:53
- Updated:
- 2019.01.29 16:15
- Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
Theory:
The indicator is using 4 TRiX ( Triple Exponential Moving Averages Oscillator) values : of open, close, high and low to construct candles of this indicator. That produces quite a smooth result (which is not a surprise since the TRix itself is smooth) that seems to be usable in trading.
Usage:
You can use the color change as signals.
RSI candles with Keltner channel
RSI candles with Keltner channels
Volume weighted awesome oscillatorVolume weighted awesome oscillator