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

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Triple Exponential Moving Average MetaTrader 5 Download - Free - [Trading Finder]
Triple Exponential Moving Average MetaTrader 5 Download - Free - [Trading Finder] 0
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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

Category

Oscillator - Volatile - Signal and Forecast

Platform

MetaTrader 5

Skill Level

Beginner

Indicator Type

Leading - Continuation

Time Frame

Multi Time Frame

Trading Style

Short-Term - Medium-Term

Market

Forex - Cryptocurrencies

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.

Buy Signal
Buy Signal in an Uptrend

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.

Sell Signal
Sell Signal in a Downtrend

Indicator Settings

Indicator Settings
Trix Moving Average 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.

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FAQs

Does the Triple Exponential Moving Average (Trix Indicator) provide signals?

Yes, this indicator generates buy and sell signals with the help of arrows.

Which market is the Trix Indicator suitable for?

This indicator is ideal for all markets.

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