Based
on a triple-smoothed moving
average of Closing price, the
indicator eliminates cycles shorter
than the selected indicator period.
Triple smoothing reduces volatility
and minimizes the chance of false
signals shaking you out of a trend too
early
TRIX
was developed by Jack Huton, publisher
of (Technical Analysis of) Stocks
and Commodities magazine.
Formula:
Perform
the exponential moving average on the
close. Then calculate the
percent move between consecutive bars
Where:
Parameters:
Three
parameters are used : BarsBack,
Period and Signal.
Period and Signal.
BarsBack should be configured
to be two times the period.
This is necessary for
Stormtracker’s internal calculations
and configurations.
For example if you configure a
value of 14 for the period, put a
value of 28 in BarsBack.
Arguments:
None
Output Indicators:
The
output indicators are out and
signal.
The signal indicator is a
moving average(using the signal
input parameter) of the Trix
“out” parameter.
For example if you specify a
signal input parameter of 3, it will
take a 3 period moving average of
the TRIX “out” indicator.
Example:
Study Name Expanded in a 3 minute timeframe:
I3_TRIX(28,14,3)_I3
This study calculates
a TRIX study with a period of 14 and
a signal of 3. The first
parameter,28, is set to 2 X the
period value of 14
The output indicators names are appended to the studyname,
that is if the studyname is sn1 then
the outputindicator is
sn1::out
sn1::signalt
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