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TRIX Indicator

TRIX is a momentum oscillator that displays the percent rate of change of a triple exponentially smoothed moving average. TRIX is designed to filter out insignificant price movements with its triple smoothing. TRIX generates signals similar to MACD, and a signal line can be applied to look for signal line crossovers. A directional bias can be determined with the absolute level. Bullish and bearish divergences can be used to anticipate reversals.

To apply a TRIX Indicator

1. From within a chart, from the Edit menu select Studies.
2. Choose TRIX and click Add to add the study to the Applied Studies group.
3. Complete parameters as necessary.

Once the study is defined, you can elect to uncheck/check to remove and add the study to your chart.

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