Triple Exponential Average (TRIX) Forex Technical Analysis and TRIX Forex Trading Signals
Developed by Jack Hutson
TRIX is a triple smoothed oscillator that is designed to eliminate spikes that cause whipsaws in the calculations, these spikes or market cycles that are shorter than the selected indicator period used to calculate and plot are ignored.
Triple Exponential Average is an oscillator that oscillates above and below a center line mark. The center line level is used to determine bullish and bearish trends. TRIX will measure the momentum of an uptrend or a down trend. Above the center line shows bullish trends and below center line shows bearish trends
Forex Technical Analysis and Generating Forex Trading Signals
Bullish Buy Signal
A buy signal can be generated using two methods:
- The first one is the center line crossover signal where values above the line are bullish.
- The second one is used to generate a trading signal when the signal line crosses above the TRIX line.
Bullish Buy Signal
Bearish Sell Signal
A sell signal can be generated using two methods:
- The first one is the center line crossover signal where values below the line are bearish.
- The second one is used to generate a trading signal when the signal line crosses below the TRIX line.
Bearish Sell Signal
Divergence Trading
Divergence can be used to generate trading signals. Traders can look for divergence between price and the indicator and decide which direction to trade.
Divergence Trading
