TRIX Log - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
TRIX is a momentum oscillator that shows the percentage change from a triple exponential smoothed moving average. It was developed in the early 1980s by Jack Hutson, editor of Technical Analysis of Stocks and Commodities magazine. TRIX features triple smoothing designed to filter out insignificant price movements.
In his article, he uses the logarithm of prices (in many versions, this is omitted). This version calculates TRIX exactly as described by Jack Hutson.
Attachment download
📎 trix_log.mq5 (7.67 KB)
Source: MQL5 #21732
TRIX Log - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
TRIX Log - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script 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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