TRIX
Tue, Apr 15TRIX is a type of momentum indicator recognized as a technical analysis oscillator, created by Jack Hutson, the editor of Technical Analysis of Stocks and Commodities, during the 1980s.
The main goal of TRIX is to effectively and accurately illustrate the derivative slope of a triple smoothed exponential moving average of market closing prices. The name "Trix" is derived from the indicator's TRiple EXponential characteristics.
Since the TRIX indicator oscillates around a zero line, it is designed to filter out stock or currency movements that are likely insignificant to the broader market trend.
Similar to other moving average indicators, TRIX’s triple EMA nature follows trends, making it easier to identify current trend movements. The alignment with the zero line allows for straightforward detection of uptrends and downtrends, as crossing the zero line indicates a trend change.
This feature is particularly beneficial, as the zero line serves as an active signal line. A positive crossover above the zero line can signal a buying opportunity, while a negative crossover below the zero line can indicate a selling opportunity.
TRIX is an oscillator based on the triple exponentially-smoothed moving average, aimed at distinguishing significant price changes from random price fluctuations. This clarity makes the price trend much more visible. When TRIX is rising (and remains in positive territory), it suggests that the momentum of the price increase is strengthening. Conversely, if TRIX is falling, it indicates that prices are rising more slowly or may even be declining (if below 0).
TRIX oscillates around the 0 value, with a crossover above this level typically interpreted as a buy signal. In contrast, if TRIX crosses below 0, it suggests a sell signal.
Like many oscillators, TRIX is also utilized to identify divergence with price, as it is regarded as a leading indicator.
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