Triple Exponential Average (TRIX) Technical Analysis & 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 & below the center-line shows bearish trends
FX Technical Analysis & How to Generate Signals
Bullish Buy FX Trading Signal
A buy signal can be generated using 2 techniques:
- The first one is the center-line cross over signal where values above the line are bullish.
- The second one is used to generate a signal when the signal line crosses above TRIX line.
Bullish Buy Forex Trading Signal
Bearish Sell FX Trading Signal
A sell signal can be generated using 2 techniques:
- The first one is the center-line cross over signal where values below the line are bearish.
- The second one is used to generate a trading signal when the signal line crosses below TRIX line.
Bearish Sell Forex Trading Signal
FX Divergence Forex Trading
Divergence can be used to generate trading signals. Traders can look for divergence between price & the indicator & decide which direction to trade.
FX Divergence Forex Trading
