TRIX Trading Analysis & TRIX Trading Signals
Created by Jack Hutson
TRIX is a triple smoothed oscillator that is designed to eliminate spikes that cause whipsaws in the calculations, these spikes or market cycles that are shorter than the selected indicator period used to calculate and draw are ignored.
TRIX is an oscillator trading indicator which oscillates above and below a center-line mark. The center line level is used to identify bullish and bearish trends. TRIX will measure the force of an up-trend or down-trend. Above the center-line shows bullish trends and below the center-line shows bearish trends
Trading Analysis and Generating Trade Signals
Bullish Buy Trade Signal
A buy signal can be derived/generated using 2 techniques:
- The first one is the center-line cross over signal where readings above the line are bullish.
- The second one is used to generate a signal when the signal-line crosses above TRIX line.
Bullish Buy Signal
Bearish Sell Trading Signal
A sell trading signal can be derived/generated using 2 techniques:
- The first one is the center-line cross over signal where readings below the line are bearish.
- The second one is used to generate a signal when the signal-line crosses below TRIX line.
Bearish Sell Trading Signal
Divergence Trade
Divergence can be used to generate trading signals. Traders can look for divergence between price and the indicator & decide which direction to take.
Divergence Trade
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