TRIX - Triple Exponential Moving Average

Description

Jack Hutson developed this TRIX indicator, which is a 1-day rate-of-change indicator. What this means is that day 2 is divided by day 1, day 3 by day 2 and so on and so forth, and this is then applied to a triple exponential moving average of the closing prices. This results in a zero line fluctuating oscillator which is used as trend indicator thanks to its stability.

Interpretation

A buy signal is created when the TRIX indicator crosses the zero line from bottom to top. A sell signal is generated when the zero line is broken in a downwards direction.

Usage

TRIX(int period, int signalPeriod)
TRIX(IDataSeries inSeries, int period, int signalPeriod)
TRIX(int period, int signalPeriod)[int barsAgo]
TRIX(IDataSeries inSeries, int period, int signalPeriod)[int barsAgo]

//For the signal line
TRIX(int period, int signalPeriod).Signal[int barsAgo]
TRIX(IDataSeries inSeries, int period, int signalPeriod).Signal[int barsAgo]

Return value

double

When using this method with an index (e.g. TRIX(14, 3)[int barsAgo] ), the value of the indicator will be issued for the referenced bar.

Parameters

inSeries Input data series for the indicator

period Number of bars included in the calculations

signal period Number of bars included in the signal line calculation

Visualization

TRIX - Triple Exponential Moving Average

Example

//Output for the TRIX EMA
Print("The current TRIX value is " + TRIX(14, 3)[0]);

//Output for the TRIX signal line
Print("The current TRIX value is " + TRIX(14, 3).Signal[0]);