Indicators: JMA TRIX Log
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JMA TRIX Log:
TRIX is a momentum oscillator that displays the percent rate of change of a Triple Exponentially Smoothed Moving Average. It was developed in the early 1980's by Jack Hutson, an editor for "Technical Analysis of Stocks and Commodities" magazine. With its triple smoothing, TRIX is designed to filter insignificant price movements.
In his article he uses a logarithm of a price (which is in many versions, left out). This version calculates the TRIX exactly as Jack Hutson described it, but instead of using Exponential Moving Average for smoothing, it uses JMA (Jurik Moving Average - which makes it even smoother than the original) and also it is extremely "fast" in response to market changes.
Author: Mladen Rakic