Triple Exponential Average Technical Analysis & TRIX Trading Signals
Developed by Jack Hutson
TRIX is a triple smoothed oscillator that is designed to eliminate spikes that cause fake outs 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 indicator that oscillates above & 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 down-trend. Above the center-line shows bullish trends and below the centerline illustrates bearish trends
Technical Analysis & How to Generate Signals
Bullish Buy Trade Signal
A buy signal can be generated using 2 techniques:
- The first one is the center line crossover 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 Trade Signal
Bearish Sell Trading Signal
A sell trade 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 signal when the signalline crosses below TRIX line.
Bearish Sell Trading Signal
Divergence Trading
Divergence can be used to generate trade signals. Traders can look for divergence between price and the indicator & decide which direction to trade.
Divergence Trading
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