|TRIX - Triple Exponential Smoothing Oscillator|
TRIX - Triple Exponential Smoothing Oscillator
As a momentum indicator, this oscillator is based on smoothed moving averages and their momentum to avoid insignificant daily price movements and to aid timing.
TRIX, developed by John Hutson, displays the percent rate-of-change of a triple exponentially smoothed moving average using an equity's closing price.
Similar to the use of the MACD indicator, a 9-period moving average of the TRIX can be used to create a signal line.
Also see MACD.