Triple Exponential Average (TRIX) Analysis & TRIX MT5 Indicator

Developed by Jack Hutson

TRIX is a triple smoothed oscillator MT5 indicator MT5 indicator 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 draw are ignored.

Triple Exponential Average is an oscillator MT5 indicator MT5 indicator 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 up trend or a down trend. Above the center-line shows bullish trends and below center-line shows bearish trends

FX Analysis and How to Generate Signals

Bullish Buy Signal

A buy signal can be generated using two 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 Signal

Bearish Sell Signal

A sell signal can be generated using two 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 signal when the signal line crosses below the TRIX line.

Bearish Sell Signal

Divergence Forex Trading

Divergence can be used to generate forex signals. Traders can look for divergence between price and the MT5 indicator and decide which direction to trade.

Divergence Forex Trading