TRIX
A momentum oscillator that shows the percent rate of change of a triple exponentially smoothed moving average.
Usage
Use to filter out market noise and identify trend reversals. TRIX crossings of the zero line or a signal line can provide trade entries.
Background
Developed by Jack Hutson in the early 1980s, TRIX is a powerful momentum oscillator that effectively filters out minor price fluctuations. By triple-smoothing an EMA, it emphasizes the underlying trend and provides a clear signal when the trend changes direction. — StockCharts ChartSchool
Parameters
timeperiod(default: 15): Smoothing period
Formula
\[
TRIX = \frac{EMA3_t - EMA3_{t-1}}{EMA3_{t-1}} \times 100
\]