TRIX Candle indicator for VertexFX Trading Terminal

[omsaitech5551]

The TRIX Candle indicator is powerful Vertex F X client-side indicator script that is useful in identifying the direction, strength and the cyclical periods of the market. It is based upon the Triple Exponential Average Also Known as TRIX indicator.

It is made up of two components, namely the bullish TRIX component which is displayed in TEAL colour, and the bearish component which is displayed in DARK PINK colour. 

In the first step, we calculate the TRIX Moving Average of the Open price series, over the recent TRIX_PERIOD bars, which we refer to as TrixOpen. 

If the value of the current TrixOpenis greater than the previous TrixOpen, it is considered bullish, and the TEAL bullish component value is set to the TrixOpen value. 

On the contrary, if the current TrixOpen is lesser the previous TrixOpen, it is considered bearish, and the DARK PINK bearish component value is set to the TrixOpen value. Hence, the bullish TEAL component is always rising, and the bearish DARK PINK component is always falling.

BUY trade can be opened (or a SELL trade exited) when the TRIX candle indicator changes from bearish (DEEP PINK) to bullish (TEAL). 

Similarly, SELL trade can be opened (or a BUY trade exited) when the TRIX candle indicator changes from bullish (TEAL) to bearish (DEEP PINK).

http://www.hybrid-solutions.com/plugins/client-vtl-plugins/free/trix-candle-.html

http://omsaitech.co.in/trix-candle-indicator-for-vertexfx-trading-terminal/

[mntiwana]

omsaitech5551:

The TRIX Candle indicator is powerful Vertex F X client-side indicator script that is useful in identifying the direction, strength and the cyclical periods of the market. It is based upon the Triple Exponential Average Also Known as TRIX indicator.

It is made up of two components, namely the bullish TRIX component which is displayed in TEAL colour, and the bearish component which is displayed in DARK PINK colour. 

In the first step, we calculate the TRIX Moving Average of the Open price series, over the recent TRIX_PERIOD bars, which we refer to as TrixOpen. 

If the value of the current TrixOpenis greater than the previous TrixOpen, it is considered bullish, and the TEAL bullish component value is set to the TrixOpen value. 

On the contrary, if the current TrixOpen is lesser the previous TrixOpen, it is considered bearish, and the DARK PINK bearish component value is set to the TrixOpen value. Hence, the bullish TEAL component is always rising, and the bearish DARK PINK component is always falling.

BUY trade can be opened (or a SELL trade exited) when the TRIX candle indicator changes from bearish (DEEP PINK) to bullish (TEAL). 

Similarly, SELL trade can be opened (or a BUY trade exited) when the TRIX candle indicator changes from bullish (TEAL) to bearish (DEEP PINK).

http://www.hybrid-solutions.com/plugins/client-vtl-plugins/free/trix-candle-.html

http://omsaitech.co.in/trix-candle-indicator-for-vertexfx-trading-terminal/

what is the code wise (calculation) difference in between Trix and Tema

[omsaitech5551]

mntiwana:
what is the code wise (calculation) difference in between Trix and Tema

The TRIX shares a common goal with the TEMA – providing a more smoothed indicator less prone to false trading signals – but it is really a completely different type of indicator. It's an oscillator, much like the relative strength index (RSI) or stochastic oscillator. The TRIX is used primarily to identify markets that are temporarily oversold or overbought.

Similar to most oscillating indicators, the TRIX fluctuates around a zero line that differentiates positive and negative values. Used as a momentum indicator, positive values indicate increasing momentum. If the TRIX crosses above the zero line, it is a clear signal for traders to buy. Conversely, when closing prices are below the zero line, it is a signal to sell. Bearish divergence of the TRIX from rising prices indicates overbought market conditions, and bullish divergence of the TRIX from falling prices indicates oversold conditions.