Colored TRIX

4.67

Developed by Jack Hutson in the 80's, the Triple Exponential Moving Average (a.k.a. TRIX) is a Momentum technical indicator that shows the percentage of change in a moving average that has been smoothed exponentially 3 times. The smoothing process was put in place in order to filter out price movements that are considered insignificant for the analysis period chosen.

We at Minions Labs found hard to follow the smoothness of the original TRIX line, so we colored the TRIX line with BUY and SELL trend movements.


HOW TO READ THIS INDICATOR

  • You can use this oscillator to identify Oversold and Overbought areas.
  • You can use this indicator to analyze periods where the zero-line is crossed by the TRIX signal.
  • Some traders prefer TRIX over MACD because of its smoothness.
  • Since it is not a leading indicator, the TRIX indicator can be used as a confirmation tool and/or as a trend filtering system.


PARAMETERS

  • Period of Analysis.


As always, if you like this indicator, all I am asking is a little Review (not a Comment, but a REVIEW!)...   

This will mean A LOT to me... And this way I can continue to give away Cool Stuff for Free...

With No Strings Attached!  Ever!


Live Long and Prosper!

;)


Değerlendirmeler 3
cham
914
cham 2026.03.19 15:58 
 

Как написал автор , его действительно можно использовать в качестве инструмента подтверждения

soeuseidoni10
74
soeuseidoni10 2024.04.26 10:56 
 

muito bom, poderia ter duas linhas horizontais indicando sobre compra e sobre venda e setas de entrada e saída da operação.

Dzimabie Rockson Junior
141
Dzimabie Rockson Junior 2024.01.31 15:01 
 

Good indicator. An alert will make it great

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5 (1)
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Flavio Javier Jarabeck
4 (1)
Easily get all relevant economic events of the current day right into your chart, as markers. Filter what kind of markers do you want: by country (selected individually) and by Importance (High relevance, Medium, Low or any combination of these). Configure the visual cues to your liking. Additionaly you have the ability to add up to 5 personal markers of your own agenda. With Alerts and/or with blackout periods, if you are using it within an Expert Advisor! All in one Economic Calendar indicator
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Flavio Javier Jarabeck
The Metatrader 5 has a hidden jewel called Chart Object, mostly unknown to the common users and hidden in a sub-menu within the platform. Called Mini Chart, this object is a miniature instance of a big/normal chart that could be added/attached to any normal chart, this way the Mini Chart will be bound to the main Chart in a very minimalist way saving a precious amount of real state on your screen. If you don't know the Mini Chart, give it a try - see the video and screenshots below. This is a gr
Market Momentum PRO
Flavio Javier Jarabeck
The Market Momentum indicator is based on the Volume Zone Oscillator (VZO), presented by Waleed Aly Khalil in the 2009 edition of the International Federation of Technical Analysts journal, and presents a fresh view of this market valuable data that is oftenly misunderstood and neglected: VOLUME. With this new approach of "seeing" Volume data, traders can infer more properly market behavior and increase their odds in a winning trade. "The VZO is a leading volume oscillator; its basic usefulness
Filtrele:
cham
914
cham 2026.03.19 15:58 
 

Как написал автор , его действительно можно использовать в качестве инструмента подтверждения

soeuseidoni10
74
soeuseidoni10 2024.04.26 10:56 
 

muito bom, poderia ter duas linhas horizontais indicando sobre compra e sobre venda e setas de entrada e saída da operação.

Flavio Javier Jarabeck
356394
Geliştiriciden yanıt Flavio Javier Jarabeck 2024.04.26 16:07
Olá... se você observar a escala Y, ele não é um "Bounded Indicator"... ele apenas orbita o eixo Zero (0)... ;)
Dzimabie Rockson Junior
141
Dzimabie Rockson Junior 2024.01.31 15:01 
 

Good indicator. An alert will make it great

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