trix
Info
The trix is a Indicator for MetaTrader 5 that trix oscillator is an oscillator based on the smoothed triple moving average. the indicator was developed in the early 1980's by jack hutson, an editor for "technical analysis of stocks and commodities" magazine.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use trix
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
trix oscillator is an oscillator based on the smoothed triple moving average.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: The Quantitative Microstructure Matrix - another powerful indicator for MetaTrader 5 traders.
trix oscillator is an oscillator based on the smoothed triple moving average. the indicator was developed in the early 1980's by jack hutson, an editor for "technical analysis of stocks and commodities" magazine.
Also recommended: Alpha Beta Trend Filter with Multi-Timeframe Matrix Dashboard - similar indicator with strong performance on MetaTrader 5.
there are seven configurable parameters:period
- calculation period
first ma method
- first ma calculation method
second ma method
- second ma calculation method
third ma method
- third ma calculation method
signal period
- signal line calculation period
signal method
- signal line calculation period
applied price
calculation:
where:
the equation is taken from appel, gerald: winning stock market systems. signalert corp., great neck, n.y. 1974.
general rule:buy when
trix
is below zero and crosses its
signal line
upwards.sell when
trix
is above zero and crosses its
signal line
downwards.the histogram color change may serve as a preliminary signal that either forecasts the indicator lines crossing, or can be used to work on the price roll-backs.
You may also like: KCI Directional Matrix - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.