TRiX Slope Divergence - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

Triple Exponential Average (TRiX) Developed by Jack Hutson in the early 1980s, the Triple Exponential Average (TRiX) is a momentum indicator used by technical traders to display an exponential smoothed moving average of three times a percentage change. It is highly sensitive to price changes, which makes it difficult to detect divergences in the "classic" way. But using slope divergence instead seems ok. So, this is the version that does that. In addition, this version is already multi-timeframe

Anyway, how to use divergence in trading - when the slope of the channel on the chart and the channel on the indicator do not point in the same direction, the channel will change the color of the midline at any time

Attachment download

📎trix_slope_divergence_wmtfw.mq5 (36.58 KB)

Source: MQL5 #24482