TRIXReturn value of the Triple Smoothed Exponential Moving Average (also known as TRIX) over the last N periods for the selected price.
Syntax:
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1 |
TRIX[N](price) |
Calculation :
First we calculate the triple (3 periods) exponential moving average of the prices. After that, we calculate the percentage of variation of this data to obtain the TRIX indicator.
Interpretation :
It is often used with a 9 day moving average for smooting purposes.
When the TRIX rises above its moving average a buy signal is announced.
When the TRIX falls below its moving average it is a sell signal. The TRIX is very valuable when there is a clear trend.
The TRIX gives also good divergence signals.
