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LongTerm Trend TRIX Oscillator is a custom MetaTrader 5 indicator designed to identify long-term market direction and momentum strength using multiple TRIX calculations and smoothing filters.
The indicator combines:
- Fast TRIX
- Slow TRIX
- LWMA smoothing
- Dynamic trend coloring
The goal is to help traders identify:
- bullish trend continuation
- bearish momentum
- trend transitions
- long-term directional bias
The oscillator is displayed in a separate window and uses different colors to highlight market conditions and momentum phases.
FEATURES:
- Dual TRIX analysis
- Smoothed momentum filtering
- Trend visualization
- Lightweight calculations
- Suitable for discretionary trading
- Clean visual structure
HOW IT WORKS:
The indicator compares:
- a fast TRIX oscillator
- a slower TRIX oscillator
- a moving average smoothing filter
Different line colors are displayed according to 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 optimized parameters.
This indicator is provided for free and can be modified for personal use.
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