Stochastic Momentum Indicator (Index) - page 2
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Hi Kalenzo (Mr Holmes!)
What is the difference between T3 TRIX in this forum and Metastock TRIX?
see these
Hi Kalenzo (Mr Holmes!)
What is the difference between T3 TRIX in this forum and Metastock TRIX?
see theseOur is better
lol just kidding 
Post the metastock formula, i will check it.
I can't get formula.
I think metastock gives some formula no all.
If anybody interested in trying that method taken from Moneytec
I know.... early days, will need to see if I can continue to exceed 1500 pt per month.
No-one will believe 238% profit in 4 months. Take 4h GBPJPY chart and add 25 period Hull Moving Average (HMA) with slope coloured for up and down. Add Stochastic Momentum Indicator (SMI) with settings 39,6,75 and signal line 15. See if the chart tells you anything!.If anybody interested in trying that method taken from Moneytec
SMI does not make any sence, may be setting are not correct. HMA is good but it needs some validation or filter indicator.
Thanks
I have the tradestation code for TRIX...and IMHO it is a good indicator. the code is divided into a function and an indicator. hope somebody will be able to convert it.
Function::::::::::::
Price( numericseries ),
Length( numericsimple ) ; { this input assumed to be a constant >= 1 }
variables:
TRIXRaw( 0 ) ;
TRIXRaw = XAverage( XAverage( XAverage( Log( Price ), Length ) , Length ) , Length ) ;
if CurrentBar > 1 then
TRIX = ( TRIXRaw - TRIXRaw[1] ) * 10000 ;
Indicator::::::::::::::::
inputs:
Price( Close ),
Length( 9 ),
ColorNormLength( 14 ), { Number of bars over which to normalize the indicator
for gradient coloring. See also: comments in function NormGradientColor. }
UpColor( Yellow ), { Color to use for indicator values that are relatively high
over ColorNormLength bars. }
DnColor( Red ), { Color to use for indicator values that are relatively low
over ColorNormLength bars. }
GridForegroundColor( Black ) ; { Color to use for numbers in RadarScreen cells
when gradient coloring is enabled, that is, when both UpColor and DnColor are
set to non-negative values. }
{ Set either UpColor and/or DnColor to -1 to disable gradient plot coloring.
When disabled, Plot1 color is determined by settings in indicator properties
dialog box. Plot2 (ZeroLine) color always comes from indicator properties
dialog box. }
variables:
ApplicationType( 0 ),
TRIXValue( 0 ),
ColorLevel( 0 ) ;
if CurrentBar = 1 then
ApplicationType = GetAppInfo( aiApplicationType ) ;
TRIXValue = TRIX( Price, Length ) ;
Plot1( TRIXValue, "TRIX" ) ;
Plot2( 0, "ZeroLine" ) ;
{ Gradient coloring }
if UpColor >= 0 and DnColor >= 0 then
begin
ColorLevel = NormGradientColor( TRIXValue, true, ColorNormLength, UpColor, DnColor ) ;
if ApplicationType = 1 then { study is applied to a chart }
SetPlotColor( 1, ColorLevel )
else if ApplicationType > 1 then { study is applied to grid app }
begin
SetPlotColor( 1, GridForegroundColor ) ;
SetPlotBGColor( 1, ColorLevel ) ;
end ;
end ;
{ Alert criteria }
if TRIXValue crosses over 0 then
Alert( "Indicator turning positive" )
else if TRIXValue crosses under 0 then
Alert( "Indicator turning negative" ) ;
----------------------------------------------------------------
The XAverage function is a weighted moving average of the prices of the last length bars. This function returns the current value of the exponentially smoothed moving average.
Another TRIX formula from Tradestation. made by some programmer. has TRIX and a signal line with it.
inputs:
TRIXLength( 5 ),
SigLineXMALen( 3 ) ;
variables:
EMA1( 0 ),
EMA2( 0 ),
EMA3( 0 ),
TRIXLine( 0 ),
SignalLine( 0 ) ;
EMA1 = XAverage( Close, TRIXLength ) ;
EMA2 = XAverage( EMA1, TRIXLength ) ;
EMA3 = XAverage( EMA2, TRIXLength ) ;
if EMA3[1] 0 then
{ Ensure not about to divide by zero }
TRIXLine = 10 * ( EMA3 - EMA3[1] ) / EMA3[1] ;
SignalLine = XAverage( TRIXLine, SigLineXMALen ) ;
Plot1( TRIXLine, "TRIXLine" ) ;
Plot2( SignalLine, "SignalLine" )
If anybody interested in trying that method taken from Moneytec
licho mabye u will tell us what do u see when u plot those 2 on chart?
is anyone working on this one??
Another TRIX formula from Tradestation. made by some programmer. has TRIX and a signal line with it.
inputs:
TRIXLength( 5 ),
SigLineXMALen( 3 ) ;
variables:
EMA1( 0 ),
EMA2( 0 ),
EMA3( 0 ),
TRIXLine( 0 ),
SignalLine( 0 ) ;
EMA1 = XAverage( Close, TRIXLength ) ;
EMA2 = XAverage( EMA1, TRIXLength ) ;
EMA3 = XAverage( EMA2, TRIXLength ) ;
if EMA3[1] 0 then
{ Ensure not about to divide by zero }
TRIXLine = 10 * ( EMA3 - EMA3[1] ) / EMA3[1] ;
SignalLine = XAverage( TRIXLine, SigLineXMALen ) ;
Plot1( TRIXLine, "TRIXLine" ) ;
Plot2( SignalLine, "SignalLine" )I have tried to work sth out but to be honest I do not see anything more valuable then using other indicator combinations. Probably you could use each indicator successfuly once you master it.
Once again it has only ensure me that my turn to S/R analysis is the right one