Trix - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

The Trix oscillator is an oscillator based on a smoothed triple moving average.
This indicator was developed in the early 1980s by Jack Hutson, editor of Technical Analysis of Stocks and Commodities magazine.

There are seven configurable parameters:

 Trix = (MA3 - PrevMA3) / PrevMA3
Signal = MA(Trix, signal period, signal method) Histogram = trix - signal

MA3 = MA(MA2, period, third MA method)
MA2 = MA(MA1, period, second MA method) MA1 = MA(apply price, period, first MA method)
This equation is taken from Appel, Gerald: Winning Stock Market Systems. Signalert Corp., Great Neck, NY, 1974.
General rules:
 Buy when Trix is ​​below zero and crosses its signal line upward.
 When to Sell Trix is ​​above zero and crosses its signal line downwards.
 Histogram color changes can serve as preliminary signals, predict indicator line crossovers, or can be used to handle price rollbacks.

 Attachment download
 📎 trix.mq5 (16.43 KB)
 Source: MQL5 #22115