TRIX (Using Double Smoothed Wilder EMA) - MetaTrader 5 Script - MT4/MT5 Resources
The TRIX (Triple Index Average (TRIX) indicator is an oscillator used to identify oversold and overbought markets, and also works as a momentum indicator. It uses EMA for calculations
Use the "Double Smoothed Wilder EMA" variant instead of the "regular" EMA for TRIX calculations. This makes it more responsive to market changes than the original TRIX indicator
You can use this version in the usual way - the change in color can be used as a signal
Attachment download
📎 trix_zds_wilder_emak.mq5 (7.56 KB)
Source: MQL5 #24144
TRIX (using double-smoothed Wilder EMA) - MetaTrader 5 script usage and screening recommendations
TRIX (using double-smoothed Wilder EMA) - MetaTrader 5 script belongs to the Forex indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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