TRIX Stock Indices Technical Analysis and TRIX Stock Indices 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 draw are ignored.
TRIX 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 up stock indices trend or a down stock index trend. Above the center line shows bullish trends and below center line shows bearish trends
Stock Indices Technical Analysis and Generating Stock Indices Signals
Bullish Buy Stock Indices Signal
A buy stock indices 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.
Bullish Buy Stock Indices Signal
Bearish Sell Stock Indices Signal
A sell stock indices 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.
Bearish Sell Stock Indices Signal
Divergence Stock Indices
Divergence can be used to generate stock indices signals. Traders can look for divergence between stock index price and the indicator and decide which direction to trade.
Divergence Stock Indices