Forex and momentum trader
TRIX oscillates around zero, which allows traders to follow trend directions. TRIX reading above zero suggests an uptrend, while reading below – a downtrend. While above zero a rising TRIX line suggests acceleration higher while a declining line – still an upward move but at a slower pace, or a beginning of a reversal. An additional signal line is added to TRIX to help trade TRIX crossovers. If you’d like to have an additional reversal confirmation, wait till TRIX crosses its zero line. Trading range breakouts during the trend – whipsaws and real breakouts. Despite the versatility and accuracy of the TRIX indicator when it comes to filtering out market noise, it is still recommended to pay attention to other indicators and signals that can help to improve trading performance.
This will give a percentage value to be used for building TRIX indicator graph. I really didn’t expect to find anything about TRIX. I just started using it but, I wanted to know exactly what I am working with. How I can download this indicator ? FXIndicators, indeed thanks very much for this great assistance you are offering, and with such grace.