The indicator is using 4 TRiX ( Triple Exponential Moving Averages Oscillator) values : of open, close, high and low to construct candles of this indicator. That produces quite a smooth result (which is not a surprise since the TRix itself is smooth) that seems to be usable in trading.
Trix pivots - indicator MetaTrader 5 Theory : TriX oscillator is a nice trending indicator found as a built in indicator in metatrader. This version is…
TRIX (using double smoothed Wilder's EMA) -… Theory : TRIX (triple exponential average (TRIX) indicator is an oscillator used to identify oversold and overbought markets, and it…
TRiX - indicator MetaTrader 5 Theory: Developed by Jack Hutson in the early 1980s, the Triple Exponential Average (TRiX) is a momentum indicator used by…
