TRIX
TRIX was created by Jack Huton. It is a momentum indicator that displays the percent rate-of-change of a triple exponentially smoothed moving average of a security's closing price. It it is designed to filter out price movements that are considered insignificant or unimportant. The indicator can be used to anticipate turning points in a trend through its divergence with a security's price.
Where x
is the period which must be an integer.
100 * (XAVG(XAVG(XAVGCx, x), x) / XAVG(XAVG(XAVGCx.1, x), x) - 1) |
x =Period |
Examples
A 15 period TRIX can be written as follows.
100 * (XAVG(XAVG(XAVGC15, 15), 15) / XAVG(XAVG(XAVGC15.1, 15), 15) - 1)
![](https://media.screensteps.com/image_assets/assets/003/230/006/original/71934d3f-dab0-4b09-a92c-e9ac816cf2d5.png)
![](https://media.screensteps.com/image_assets/assets/003/230/009/original/0e72a969-e81a-42ad-b277-79a2d0897dad.png)
Read more about Triple Exponential Average (TRIX) at Investopedia