Long-Term Trend TRIX Oscillator - indicator for MetaTrader 5

The Long-Term Trend TRIX Oscillator is a custom MetaTrader 5 indicator designed to identify the long-term market direction and the strength of momentum using multiple TRIX calculations and smoothing filters.

The indicator combines:

- Fast TRIX

- Slow TRIX

- LWMA smoothing

- Dynamic trend colouring

The aim is to help traders identify:

- continuation of a bullish trend

- bearish momentum

- trend transitions

- long-term directional bias

The oscillator is displayed in a separate window and uses different colours to highlight market conditions and momentum phases.

FEATURES:

- Dual TRIX analysis

- Smoothed momentum filtering

- Trend visualisation

- Lightweight calculations

- Suitable for discretionary trading

- Clear visual structure

HOW IT WORKS:

The indicator compares:

- a fast TRIX oscillator

- a slower TRIX oscillator

- a moving average smoothing filter

Different line colours are displayed depending on the relationship between the oscillators and the smoothing line.

GREEN:

Strong bullish momentum.

BLUE:

Weak bullish phase or transition.

RED:

Bearish pressure.

PURPLE:

Strong long-term bullish structure.

SUGGESTED USAGE:

- Trend confirmation

- Momentum filtering

- Swing trading

- Long-term directional analysis

SUGGESTED TIMEFRAMES:

- H1

- H4

- D1

WORKS BEST ON:

- Forex

- Indices

- Crypto

- Commodities

INPUTS:

The current version uses internally optimised parameters.

This indicator is provided free of charge and may be modified for personal use.