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Triple Exponential Moving Average Oscillator (TRIX)

Description

The Triple Exponential Moving Average Oscillator (TRIX) by Jack Hutson is a momentum indicator that oscillates around zero. It displays the percentage rate of change between two triple smoothed exponential moving averages.

Formula

EMA1 = EMA1n-1 + ((2 / (n + 1)) * (Pn - EMA1n-1))

EMA2 = EMA2n-1 + ((2 / (n + 1)) * (EMA1n - EMA2n-1))

EMA3 = EMA3n-1 + ((2 / (n + 1)) * (EMA2n - EMA3n-1))

TRIX = (EMA3n - EMA3n-1 ) / EMA3n-1

Where:

  • Pn =the current price.
  • EMA1n-1 = the exponential moving average value of n periods back
  • EMA2n-1 = the exponential moving average value of n periods back
  • EMA3n-1 = the exponential moving average value of n periods back
Example