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Triple Exponential Average (TRIX)

Created by Jack Hutson in the 1980s. This triple smoothed momentum oscillator filters out small and unimportnat price changes.

Example

Interpretation

The interpretation of the TRIX is easy and similar to that of the MACD.

If the price moves down over zero, then the signal is bearish.
If the price moves up over zero, then the signal it gives is bullish.

You can also use a signal line to help with interpreting the TRIX. The signal line is a 9-day EMA of the TRIX and gives a bullish signal if the TRIX moves up and over the signal line. If the TRIX moves down and under the signal line it gives off a bearish signal.

Calculation

Single-Smoothed EMA = 15-period EMA of the closing price
Double-Smoothed EMA = 15-period EMA of Single-Smoothed EMA
Triple-Smoothed EMA = 15-period EMA of Double-Smoothed EMA
TRIX = 1-period percent change in Triple-Smoothed EMA

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