Triple Exponential Average (TRIX) Analysis & TRIX Signals
Developed by Jack Hutson
TRIX is a triple smoothed oscillator that is designed to eliminate spikes that cause fake outs in the calculations, these spikes or market cycles that are shorter than the selected indicator period used to calculate & plot are ignored.
TRIX is an oscillator trading indicator that oscillates above & below a centerline mark. The center line level is used to figure out bullish and bearish trends. TRIX will measure the force of an up-trend or a downtrend. Above the center-line shows bullish trends and below the centerline shows bearish trends
Forex Analysis and How to Generate Trading Signals
Bullish Buy Signal
A buy signal can be derived and generated using 2 techniques:
- The first one is the center-line crossover signal where readings above the line are bullish.
- The second one is used to generate a signal when the signal-line crosses above TRIX line.
Bullish Buy Signal
Bearish Sell Trade Signal
A sell signal can be derived and generated using 2 techniques:
- The first one is the center-line crossover signal where readings below the line are bearish.
- The second one is used to generate a signal when the signal-line crosses below TRIX line.
Bearish Sell Trade Signal
Divergence FX Trading
Divergence can be used to generate trading signals. Traders can look for divergence between the price & the technical indicator and decide which direction to trade.
Divergence Forex Trading
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