TRiX - MetaTrader 5 Script - MQL5 #23115 - 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. When applied to a triple smoothed moving average, it is designed to filter out price movements that are considered insignificant or unimportant. TRiX is also implemented by technical traders to generate signals similar to the essence of the Moving Average Convergence Divergence (MACD).
There are two main reasons for posting:
You can use color changes or zero crossings as signals.
Attachment download
📎 trix.mq5 (7.76 KB)
Source: MQL5 #23115
TRiX - MetaTrader 5 Script - MQL5 #23115 Usage and Filtering Advice
TRiX - MetaTrader 5 Script - MQL5 #23115 is a resource related to trading scripts. 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.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •