TRIX (Triple Exponential Average)

Indicator Description

TRIX (Triple Exponential Average) is a momentum indicator that measures the strength of price momentum by calculating the rate of change of a triple exponentially smoothed moving average of price.

Function Information

  • Function Name: TRIX
  • Input Parameters:
    • Close: Closing price
  • Parameter Settings:
    • timeperiod: Calculation period, default 30
  • Output: TRIX value

Calculation Principle

TRIX is calculated using the following formula:

Single-Smoothed = EMA(Close, timeperiod)
Double-Smoothed = EMA(Single-Smoothed, timeperiod)
Triple-Smoothed = EMA(Double-Smoothed, timeperiod)
TRIX = (Triple-Smoothed - Previous Triple-Smoothed) / Previous Triple-Smoothed * 100

Where:

  • EMA is Exponential Moving Average
  • Close is the closing price
  • timeperiod is the calculation period

Usage Scenarios

  1. Momentum Analysis
  2. Trend Confirmation
  3. Trading Signal Generation
  4. Divergence Analysis

Usage Recommendations

  1. TRIX > 0 indicates upward momentum
  2. TRIX < 0 indicates downward momentum
  3. Watch for zero-line crossovers
  4. Pay attention to divergence patterns
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