Triple Exponential Moving Average MetaTrader 4 Download - Free - [Trading Finder]

The Triple Exponential Moving Average (Trix) indicator in MetaTrader 4 filters out minor price changes and fluctuations considered insignificant in trading and provides visual buy and sell signals. A trade entry signal is generated when the red line (Signal) crosses the green dashed line from below to above or vice versa. Blue arrows in the oscillator indicate Sell signals, while yellow arrows indicate Buy signals.

Trix Indicator Table

Buy Signal in Uptrend

As shown in the price chart of the USD/CAD currency pair in a 4-hour time frame, the indicator predicts the start of the uptrend wave using the Exponential Moving Average (EMA) and marks the Buy entry signal with a yellow arrow.

Sell Signal in Downtrend

According to the price chart of the EUR/USD currency pair in a 1-hour time frame, the Trix Triple Exponential Moving Average indicator predicts the start of the downtrend wave using the Exponential Moving Average (EMA). It marks the Sell entry signal with a blue arrow.

Trix Indicator Settings

• Trix Period: The indicator calculation period is set to 13;
• Signal Period: The signal calculation period is set to 8;
• Signals: Display of signals;
• CountBars: The number of candles calculated is set to 1500.

Summary

The Triple Exponential Moving Average (Trix) indicator can identify oversold and overbought conditions. This powerful indicator acts as a leading indicator because it shows any divergence between the indicator and price.