Triple Exponential Average (TRIX) Technical Analysis and 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 forex trend or a down trend. Above the center-line shows bullish trends & below center-line shows bearish trends

FX Technical Analysis & How to Generate Signals

Bullish Buy Trading 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 forex trading signal when the signal line crosses above TRIX line.

Bullish Buy Forex Signal

Bearish Sell Trading 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 forex signal when the signal line crosses below the TRIX line.

Bearish Sell Forex Signal

FX Divergence Forex Trading

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

FX Divergence Forex Trading