TRIX Indicator

Concept : Jack Hutson

The TRIX indicator shows the rate of change of the triple smoothing of the exponential moving average.

The triple smoothed average line

With triple smoothing, price movements that are considered insignificant or unimportant are filtered out. A trend’s strength can be determined by the rate at which the line changes.

It is a bullish sign when the TRIX crosses above the zero line, and a bearish sign when it closes below the zero line.

The positive crossover of the Trix line above the average line signals bullish price movements, while the negative crossover indicates negative price movements.

The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.

This indicator is also available in the System Builder of RZone & TradePoint for all charting methods. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

The indicator is applicable to all types of charting. Calculated based on the number of columns on P&F charts, bricks on Renko charts, lines on Line-break charts, candles on Heikin ashi charts, and lines on Kagi charts. While the formula and reading of the indicators remain the same, they become more dynamic on these charts.