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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


Triple Exponential Average Forex Technical Indicator (TRIX Forex Trading Technical Indicator)



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.


Triple Exponential Average Forex Technical Indicator TRIX Forex Trading Indicator Bullish Buy Forex Trading Signal

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.


Triple Exponential Average Forex Technical Indicator TRIX Forex Indicator Bearish Sell Forex Trading Signal

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.


Triple Exponential Average (TRIX) Divergence Forex Trading

Divergence Trading


 

Technical Indicators