| Description |
The TRIX is an oscillator developed by Jack Huton which uses a triple-smoothed EMA to produce a resulting signal that is fairly tolerant to recent volatile price moves. This ability to ignore recent volatility produces a trend oscillator that can assist in following current trends.
The construction of the TRIX requires a single period. Essentially, 3 successive EMA's are computed from this period.
In addition to the primary TRIX signal, a smoothed signal is presented along with the TRIX that further reduces volatility. This smoothing is an n-day EMA of the raw TRIX value.
Finally, StockFetcher also provides a TRIX Histogram. Which, similar to the MACD Histogram, measures the difference between the TRIX signal and the smoothed , or slower, EMA of the TRIX.
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