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7085

Rating:

(23)

Published:

6 November 2018, 21:53

Updated:

29 January 2019, 16:15

TRIX candles.mq5 (8.15 KB) view

Download as ZIP, How to download code from MetaEditor

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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.

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TRIX candles - indicator for MetaTrader 5