Triple Exponential Moving Average MetaTrader 5 Download - Free - [Trading Finder]

The Triple Exponential Moving Average (Trix) indicator in MetaTrader 5 is a powerful tool for helping traders determine price momentum and identify overbought and oversold conditions. This oscillator generates signals by displaying blue arrows (Buy signal) and red arrows (Sell signal). Using the Exponential Moving Average (EMA), this indicator predicts price movements and generates trade entry signals.

Trix Indicator Table

Buy Signal in an Uptrend

The price chart of the EUR/USD currency pair in a 30-minute time frame shows how the indicator generates a buy entry signal during an uptrend. As seen in the image, the blue line crosses above the red line, and the indicator displays a blue arrow signaling a Buy entry.

Sell Signal in a Downtrend

The price chart of the NZD/USD currency pair in a 1-hour time frame shows how the indicator generates a sell entry signal during a downtrend. As seen in the image, the blue line crosses below the red line, and the indicator displays a red arrow signaling a Sell entry.

Indicator Settings

• Trix Period: Indicator calculation period set to 14;
• Signal Period: Signal calculation period set to 8;
• Signals: Signal display set to 233;
• CountBars: The number of candles counted is set to 234.

Summary

The Triple Exponential Moving Average (Trix) is a momentum-based oscillator that can assess overbought and oversold conditions. It acts as a leading indicator and can detect any divergence on the chart, helping traders identify trends and enter trades accordingly.